When you’re considering a 1031 exchange of your investment or business property, the first thing you should do (prior to considering structures and timelines) is to ask yourself these strategic questions about your property:
What role does this property play in your income today?
What role do you want the property to play 10 years from now?
Who in the family needs flexibility and who needs certainty (when considering your estate planning)?
Is the goal to stay active in this property or to thoughtfully transition to a different type of property (perhaps one that is less management intensive)?
When those answers are clear, the right 1031 exchange strategy tends to reveal itself. Of course, these are just a few of many questions you need to ask yourself prior to beginning your 1031 exchange. If you need help answering these questions, a qualified intermediary can help.
1031 Exchanges Offer Many Benefits
A 1031 exchange is a powerful tool that allows for tax deferral on the sale of like-kind property that’s held for investment or business purposes. That being said, there are a litany of rules and regulations that you must abide by in order to successfully defer your capital gains tax burden. At CPEC1031, LLC, our team of like-kind exchange professionals are here to help you through the 1031 exchange process from start to finish. We can answer your questions, help put together documentation, and make sure you are fully prepared for the closing table. Contact us today to learn more about the process and get the ball rolling!
Start Your 1031 Exchange: If you have questions about 1031 exchanges, feel free to call me at 612-643-1031.
Defer the tax. Maximize your gain.
© 2026 Copyright Jeffrey R. Peterson All Rights Reserved