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?
This comprehensive guide to 1031 exchanging will cover everything you need to know to be an informed Exchanger.
If you just have a question or two check out this FAQ and you'll probably find the answer to your inquiry.
There are a handful of keys to 1031 exchanging which experienced Exchangers always heed. See them for yourself.
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.
We've developed a series of analytical tools which will assist you with the diligence associated with your exchange or comparing and contrasting the financial performance of potential Replacement properties.
We partnered with FYNTEX to provide 1031 advice and processing services for our Realty Pro 100 brokers and their clients. FYNTEX leads the 1031 industry in: