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.