Forget About Capital Gains with a 1031 Exchange!
A 1031 Exchange, also known as a tax-deferred exchange or Starker Exchange, relies on Section 1031 of the U.S. Internal Revenue Code that affords significant tax advantages to owners of commercial property and residential investment real estate owners.
By using the services of a qualified intermediary like Towne 1031 Exchange, real estate investors who plan to sell or relinquish their investment property can reinvest proceeds from that property and acquire a replacement property, within certain time limitations and by following all other 1031 regulations.
Instead of paying capital gains taxes and depreciation recapture taxes at the time of the sale of an investment property, investors can defer their tax obligations by acquiring other investment real estate and using a qualified intermediary to complete their exchange.
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