Many taxpayers who are interested in 1031 exchanges want to know when during the year they should embark on their exchange. That’s a great question. In this article, we are going to talk about the best and worst times of year to conduct a 1031 exchange.
1031 Exchanges Through the Seasons
The beauty of the 1031 exchange is that it can be conducted throughout the year. There are no seasonal restrictions that make one time of year better than another. So whether it’s fall, winter, spring, or summer – you can avail yourself of the tax-saving benefits of a 1031 exchange!
Tax Season & End of Year
The two times of year you need to be extra cognizant of your 1031 exchange are tax season, and the end of the year. These are not necessarily bad times to conduct a 1031 exchange. However, these times of year can have an impact on your exchange period, as well as when you should report the exchange to the IRS. It’s always best to consult with a qualified intermediary and your CPA on these matters.
Commercial Partners Exchange Company
At Commercial Partners Exchange Company, our 1031 exchange professionals are here to help you defer your capital gains taxes when selling real estate. We have twenty years of experience in the 1031 exchange industry and know the ins and outs of like-kind exchange transactions. Reach out to our qualified intermediaries today with any questions you may have about the 1031 exchange process. You can contact us at our downtown Minneapolis offices to set up a time to chat!
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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