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1031 Like-Kind Exchanges

1031 Like-Kind Exchanges

Internal Revenue Code Section 1031 provides that "no gain or loss shall be recognized on the exchange of property held for productive use in a trade or business or for investment, if such property is exchanged solely for property of like kind which is to be held either for productive use in a trade or business or for investment."

When you and your tax consultant have decided that a 1031 tax deferred like kind exchange is best for you, we will see to it that the transaction proceeds according to your plan. As a Qualified Intermediary, we will prepare the exchange agreement and provide you with forms and reminder letters to simplify the process.