Do you invest in property or real estate and have an interest in the advantages of the 1031 exchange rule? The 1031 exchange rule is written by Congress in the Internal Revenue Code which allows those that meet the requirement to sell the property that they own and at the same time, defer the tax payments on the gains. By taking advantage of the 1031 exchange rule, you may stand to save thousands of dollars on a real estate transaction.
Are you making a real estate transaction and need a lawyer that is experienced with the 1031 exchange rule? Contact the law firm of Mittelberg & Nicosia to discuss the 1031 exchange rule advantages today.
There are complexities in dealing with the exchange process which require the experience of a professional with a thorough understanding of the IRC. Some of the benefits of the 1031 are:
The 1031 exchange allows a real estate investor the ability to buy and sell similar properties and defer the tax burden.
- The rule supports the development of a strategy to protect the assets of the investor
- The 1301 allows purchasing of a preferred property without having to recognize a gain, which encourages the investment of a 100% reinvestment.
- In order to ensure a safe transaction model, many investors perform a delayed or “Starker” exchange. This transaction ensures that there is not a taxable gain assessed in the transaction.
If you are interested in the opportunities that are available via the 1031 exchange, which are increasing leverage, improving cash flows, and reduced managerial obligation. The monies that may be saved in an exchange can be maximized to augment the net worth of an investor.
Are you making a real estate transaction and need a lawyer that is experienced with the 1031 exchange rule? Contact the law firm of Mittelberg & Nicosia to discuss the 1031 exchange rule advantages today..
