At Commercial Partners Exchange Company, we have been facilitating like-kind exchanges under section 1031 for decades. Our team of qualified intermediaries is fully prepared to help you through your 1031 exchange. Give us a call today to discuss your options and get your exchange up and running - 612.643.1031.
1031 Exchange Services in Rochester, MN
1031 exchange is a method by which you can avoid paying capital gains taxes on the sale of property. Contrary to popular belief, like-kind exchanges are not a "loophole" - they are outlined and defined in the Internal Revenue Code. In fact, they were created by Congress as a tool for boosting investment and economic growth.
Let's say you own an apartment complex just outside of Rochester that you're looking to sell. In a typical transaction, you would sell the property and then pay capital gains taxes on the net proceeds. In a 1031 exchange, you are able to defer those capital gains taxes by moving your proceeds into a bigger property - thus continuing your investment. So you would take the net proceeds from the sale, and move them into a bigger apartment complex in, say, downtown Rochester.
Take a look at some of the below resources that we've compiled to help you better understand the 1031 exchange process:
Contact a Rochester 1031 Exchange Company
Are you looking to defer your taxes on the sale of real property in Rochester or the surrounding Minnesota area? Look no further than Commercial Partners Exchange Company. Our like-kind exchange qualified intermediaries have the knowledge and experience to help you through your exchange. A 1031 exchange can help you avoid a huge capital gains tax hit, and keep your money growing in a bigger, better investment. Give us a call today to speak with a Rochester qualified intermediary and begin your exchange - 612.643.1031.