How Real Estate Agents Can Guide Their Clients on Like-Kind Exchanges

Real Estate Agents 1031 Exchange

Real estate agents do everything they can to help their clients make informed decisions when selling or buying real property. In this article, we are going to offer some tips for how real estate agents can guide their clients through the benefits of like-kind exchanges.

Explaining the Benefits

Many real estate investors are unaware of the full scope of benefits when it comes to 1031 exchanges. It’s important for you to have a basic understanding of the 1031 exchange process and its benefits so that you can explain it to your real estate clients. Here’s a quick and easy description of the benefits of 1031 exchanges that you can use to educate your clients:

  • 1031 exchanges allow you to defer the capital gains taxes on the sale of property. In order to accomplish that tax-deferral, you need to reinvest your sales proceeds into a new replacement property.

Connect with a Qualified Intermediary

Qualified intermediaries focus solely on tax-deferred exchanges under section 1031 of the Internal Revenue Code. They are your go-to source on all things 1031. If your client is interested in conducting a 1031 exchange on their property, the best thing you can do is to connect them with a trusted intermediary who can guide them through the process and ensure that their exchange is successful.

Defer Your Capital Gains Tax

Commercial Partners Exchange Company has twenty years of experience facilitating successful like-kind exchanges under section 1031. Our qualified intermediaries can help you navigate the sometimes rough waters of the 1031 exchange process. We can help you identify your replacement property, prepare your documents for closing, and answer all of your questions. You can find us at our office in downtown Minneapolis, but we facilitate exchanges for clients throughout the state of Minnesota and around the United States.

  • 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.

 

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