Throughout your lifetime you never want to unnecessarily recognize capital gains taxes. With a 1031 exchange, you can continue deferring your capital gains tax burden until you die.
When your heirs inherit your property upon your passing, they get a step up in basis. Rather than getting the low basis that you had in the property during your lifetime, your heirs receive the property with a basis stepped up to the fair market value. It’s almost too good to be true.
Get Your Like-Kind Exchange in Motion
Begin the process of deferring your capital gains taxes with a like-kind exchange today by contacting CPEC1031, LLC. Our qualified intermediaries have decades of experience working on 1031 exchanges of all shapes and sizes across the United States. We can help answer your questions, assist in document preparation, and make sure you are ready when it comes time to close on your property. Reach out to our team of 1031 exchange professionals today at our Twin Cities office located in the heart of downtown Minneapolis.
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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