When it comes to reverse 1031 exchanges of real estate, there are both safe harbor and non-safe harbor modalities that allow you to defer your taxes.
Roughly 99% of the reverse exchanges we see are done within the safe harbor. However, there are still a fair number of reverse exchanges that are done outside of that safe harbor – typically because of constructed improvements that take longer than 180 days.
It’s important to speak with a 1031 exchange intermediary about your options whether you’re exchanging within the safe harbor or not. Going outside the safe harbor is more risky but may be a viable option for certain exchanges. Talk with your qualified intermediary about the best course of action for your 1031 exchange of real property.
Defer Your Capital Gains Taxes with a Like-Kind Exchange
Defer your capital gains today with a like-kind exchange of investment real estate! The qualified intermediaries at CPEC1031, LLC have over twenty years of experience facilitating exchanges under section 1031 of the Internal Revenue Code. Our team of professionals can help you navigate the 1031 exchange process and ensure you have all your ducks in a row when it comes time to close on your property. Contact us today at our downtown Minneapolis office to learn more about our 1031 exchange services and see how we can help you save money in capital gains taxes.
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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