Tips for CPAs to Advise Their Clients on 1031 Exchanges

CPA Client

CPAs are always looking for tax strategies that can save money for their clients. The like-kind exchange is one such strategy that can be hugely beneficial. In this article, we are going to talk about how CPAs can best advise their clients on 1031 exchanges of real estate.

1031 Considerations for Your Clients

From a tax perspective, 1031 exchanges can provide huge benefits to your clients who are looking to sell real estate. A like-kind exchange allows a taxpayer to defer capital gains tax on the sale of investment real estate, as long as the net proceeds are reinvested into a new replacement property.

If your client is looking to sell a piece of investment real estate, be sure to tell them about the 1031 exchange option and how it can save them a lot of money in capital gains taxes.

Confer with a 1031 Professional

1031 exchanges come with a lot of ins and outs that can significantly complicate matters quickly. When dealing with a 1031 exchange, it’s always a good idea to consult with a qualified intermediary who knows section 1031 top to bottom. We often work with CPAs to help them advise their clients on the best course of action with 1031 exchanges. We’d be happy to help you provide the best possible tax advice to your clients.

Exchange Your Real Estate & Defer Your Taxes

If you’re in the market to sell commercial real estate, consider a 1031 exchange to defer the capital gains taxes on your sale. The qualified intermediaries at Commercial Partners Exchange Company have been facilitating commercial real estate 1031 exchanges for more than two decades. We bring this level of experience to the table with every like-kind exchange we facilitate. Contact us today to learn more about our 1031 exchange services and let us help you get your like-kind real estate exchange off the ground. Our main office is located in Minneapolis, MN.

  • 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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