1031 Exchange
1031 Exchange Companies
Asset Preservation, Inc.
Kennen Cohen
Kennen Cohen
www.apiexchange.com
Description of Services:
Established in 1990, Asset Preservation, Inc. (API) is a recognized national leader in the Qualified Intermediary industry, having successfully completed over 130,000 IRC §1031 tax deferred exchanges.
Description of Services:
Established in 1990, Asset Preservation, Inc. (API) is a recognized national leader in the Qualified Intermediary industry, having successfully completed over 130,000 IRC §1031 tax deferred exchanges.
1031 Exchange Experts, LLC
Gary Gorman
Main Number: 303-694-0204
Toll-Free Number: 866-694-0204
Description of Services:
Nation's leading experts in all types of 1031 exchanges for over 17 years - if you're audited, we defend the exchange free, no extra charge. Clients' monies are held in individually identified separate, segregated accounts requiring dual/triple signatures for safety. We're available 24-7-365.
1031x.com, Inc.
Steve Hickox
Main Number: 303-504-0144
Toll-Free Number: 888-899-1031
2120 S. Birch Street
Denver, CO 80222
infox@1031x.com
Steve Hickox
Main Number: 303-504-0144
Toll-Free Number: 888-899-1031
2120 S. Birch Street
Denver, CO 80222
infox@1031x.com
www.1031x.com
Description of Services:
We have over 20 years of experience in real estate and are commited to the highest standards of customer service. Put our expertise to work today and let us help you succeed with your 1031 exchange!
1031 Exchange
Under normal circumstances, when you sell a property you have to pay tax on the gain. Gain is caused by taking depreciation deductions for tax purposes or by the property appreciating in value during its ownership.A Section 1031 tax deferred exchange, named for the Internal Revenue Code Section it refers to (also known as a Starker Exchange, Tax Free Exchange, or Like-Kind exchange), allows an exception to the real estate capital gains tax. When you sell your business or investment real estate, replace it with a different business or investment property, and complete a 1031 exchange, you can defer payment of the capital gains tax normally required on these sales. You can also avoid capital gains tax on rental property capital gains tax.If your plans include using the money from the sale of a business or investment property to buy more of the same, a 1031 real estate exchange provides greater proceeds for your next investment-more than you could gain through the re-investment of after-tax proceeds.A 1031 and the Capital Gain tax rule is not a tax loophole. It is a section of the Internal Revenue Code, written by Congress, to allow anyone who meets all the requirements to sell their property and defer paying taxes on the gain.
Description of Services:
We have over 20 years of experience in real estate and are commited to the highest standards of customer service. Put our expertise to work today and let us help you succeed with your 1031 exchange!
1031 Exchange
Under normal circumstances, when you sell a property you have to pay tax on the gain. Gain is caused by taking depreciation deductions for tax purposes or by the property appreciating in value during its ownership.A Section 1031 tax deferred exchange, named for the Internal Revenue Code Section it refers to (also known as a Starker Exchange, Tax Free Exchange, or Like-Kind exchange), allows an exception to the real estate capital gains tax. When you sell your business or investment real estate, replace it with a different business or investment property, and complete a 1031 exchange, you can defer payment of the capital gains tax normally required on these sales. You can also avoid capital gains tax on rental property capital gains tax.If your plans include using the money from the sale of a business or investment property to buy more of the same, a 1031 real estate exchange provides greater proceeds for your next investment-more than you could gain through the re-investment of after-tax proceeds.A 1031 and the Capital Gain tax rule is not a tax loophole. It is a section of the Internal Revenue Code, written by Congress, to allow anyone who meets all the requirements to sell their property and defer paying taxes on the gain.
Reverse 1031 Exchange
With each passing day, more and more people are learning about the many benefits that lie within a Reverse 1031 Exchange. While more of a complex transaction than a forward or delayed 1031 exchange, the reverse exchange provides for much greater flexibility in structuring the exchange.
The reasons for setting up a reverse exchange are many, but the major reason is to solve the issue of finding a way to take control of the replacement property prior to the sale of the old property in a 1031 exchange. The code does not allow for an exchanger to exchange into a property already owned. Therefore, the reverse exchange becomes the answer when one has found, and is ready to close on a replacement property, while still trying to sell the old property. Other reasons to setup a reverse exchange include securing your replacement to avoid the risk of possibly loosing that property, and ridding yourself of the replacement property "dilemma;" once you have sold that old property, there is a very short 45 day window to find a suitable replacement property.
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