The IRS allows you to exchange one property for another tax free because they see it as simply you moving your cost basis for tax purposes from one qualifying property to another. So what does such an exchange mean to you?
While the logistics of 1031 exchanges have been streamlined dramatically over the years since tax deferred exchanging was incorporated into the Internal Revenue Code in 1921, it is still critical for our members and their clients to have timely access to expert advice when they need it.
In addition, since most Exchangers only complete a few 1031 exchanges during the life cycle of their real estate portfolio management it is difficult for them to remember every rule or nuance which might impact the compliance of their transaction.
This is why Realty Pro 100 has arranged to have a senior FYNTEX 1031 expert available when our members and their clients need them. Allow one of the FYNTEX experts to assist you through a brief Zoom video conference. Typically it only takes a few minutes for a 1031 pro to walk with you through your transaction and ensure that the proposed strategy is possible and the execution is flawless.
Schedule your videoconference with the nearby Calendly wizard.