How to Reap the Benefits of a 1031 Exchange

 1031 Exchange Benefits

There are many benefits to doing a 1031 exchange of real estate. In this article, we are going to talk about how you can reap the most benefits from your 1031 exchange of real estate.

The True Benefit of 1031 Exchanges

The true benefit of a 1031 exchange is that it allows the taxpayer conducting the exchange to defer their capital gains taxes when selling real estate. These taxes that would have gone to the government in an outright sale, can then be reinvested in a replacement property – which keeps your hard earned money working for you in a continued investment.

Keep Reaping

Once you have completed your 1031 exchange and successfully deferred your taxes by reinvesting your net proceeds into replacement property, there’s no reason to stop! You can keep reaping the benefits of section 1031 for the rest of your life by continuing to exchange your property rather than selling it in an outright transaction. This way you can keep deferring your taxes indefinitely – reaping the benefits offered by section 1031 until you die.

1031 Exchange Transactions

With two decades of experience working on 1031 exchange transactions, the team at Commercial Partners Exchange Company has all the necessary skills to ensure your exchange is successful. We can prepare all of your 1031 documents, answer all of your questions, and advise you on important decisions. Contact our team of intermediaries today at our office in downtown Minneapolis. We serve the state of Minnesota, as well as the rest of the United States so give us a call no matter where your property is located!

  •  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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