Keeping It Simple
A 1031 exchange, otherwise known as a tax deferred exchange, is a simple method for selling one qualified property, then acquiring another property (also qualified) within a specific time frame. While “normal” sales are taxable with the IRS,1031 exchanges are not and therefore, can be a desirable approach for many individuals. The logistics of this process are practically identical to any standardized sale and buying situation, however a "1031 exchange" comes with unique IRS requirements that must be clearly observed in order to qualify for the tax exemption.
TitleOne’s 1031 Exchange Team is highly skilled in the nuances of this type of transaction and stands ready to provide you with the expert advice you need to take advantage of this unique approach to investment property sales and purchases.