1031 Exchange? Let us help educate you to get a better understanding of how the 1031 Exchange tool works and how it may fit into YOUR business Plan!
Whether you are a real estate investor, landowner, or considering getting into real estate investing, you need to be informed about how a 1031 exchange can be used to defer capital gains tax. Also you can learn about how reverse and improvement exchange transactions are important tools when planning to sell and purchase secondary properties.
Under Section 1031 of the United States Internal Revenue Code, a taxpayer may defer recognition of capital gains and related federal income tax liability on the exchange of certain types of property, a process known as a 1031 exchange.
The 1031 exchange has been around for 100 years, it is an important tool when planning to sell and purchase secondary properties. Reverse and improvement exchange transactions make the 1031 exchange more versatile.
IPE1031 tells us,
“Reverse and improvement exchange transactions are an underutilized tool of which many taxpayers are not aware. These exchanges may be appropriate in the following circumstances:
- The relinquished property cannot be conveyed before a replacement property closes.
- Exceptional purchasing opportunities require an immediate replacement property purchase.
- Improvements will be built on replacement property.
- A planned event to increase time flexibility by removing pressures from delayed exchange replacement property identification deadlines.”
Yes, a 1031 exchange is a very powerful tool that can increase your assets, play a huge role in estate planning, and defer your taxes. This may be the wealth building tool you have been looking for.
Join us for an Info Session Webinar with IPE1031 at the 443 Executive Center, and learn how a 1031 Exchange may be a great tool for your next real estate transaction.
When: Thursday, Februaury 10th from 4pm – 5pm
Where: 443 Executive Center
1811 N. Market St, Sparta, IL
(The Brown Brick Building Right Beside Buchheits)