Qualifying Property

Are you looking to relocate your business to a new location? 

Looking to  retire and diversify your commercial property?

Selling the farm? 

By utilizing a 1031 Exchange, you may be able to purchase an income producing property & defer your capital gains taxes.

 Farms, Rental Homes, Apartment Buildings & Unimproved Properties Typically Qualify for use in a 1031 Exchange. 

The IRS has detailed how to use Vacation Homes & 1031 Exchanges. 

We'll be glad to discuss your strategy.  

A specific rule in satisfying 1031 requirements is to purchase your replacement property in the same vesting title as the your relinquished (selling) property. 

The following exceptions may apply:

Single Member Disregarded LLC & Revocable Trusts.

Occasionally, owners of partnerships, LLC & Corporations do not wish to continue in property ownership going forward. We can explain the Drop & Swap strategy.