How to Take Your Deferred Gains with You By Continuing Your 1031 Exchange

A 1031 exchange can help you compound and build your wealth over time in continued investments. In this article, we are going to talk about how to take your deferred gains with you by continuing your 1031 exchange.

Taking Your Deferred Gain with You

Section 1031 is a great tool for deferring your gains when selling qualifying real estate. Without the drag of taxation, you can build an enormous amount of wealth using the money you otherwise would’ve paid in taxes. The thing to remember is that as you parlay from one property to the next, you are taking that deferred gain with you. Your basis in the replacement properties will be lowered by the amount of gains that you didn’t recognize in your previous sales. In that way, you’re building your deferred gain over time. You can theoretically defer these gains until you die. Section 1014 allows for a step-up in basis. When you die and your heirs inherit your property, they receive that property with a stepped up basis.

Set up Your Like-Kind Exchange Today

Set up your like-kind exchange today by contacting a qualified intermediary at CPEC1031, LLC. Our team has over two decades of experience in the like-kind exchange industry. We’ve seen just about everything when it comes to 1031 exchanges. Let us put our vast pool of knowledge and experience to work on your next 1031 exchange. Reach out to us today to set up a time to chat with our team of 1031 exchange specialists. We have offices in downtown Minneapolis, but we work with clients throughout the state of Minnesota and the entire 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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