Learn about the rules for conducting a 1031 exchange and the importance of engaging a qualified 1031 accommodator at the beginning of the process.
Conducting like-kind exchanges under Section 1031 allows taxpayers to indefinitely defer capital gains tax triggered by the sale of qualifying real estate. However, in order to secure this tax deferral, taxpayers must strictly comply with the rules of 1031 exchanges. This is where working with a qualified 1031 accommodator (sometimes referred to as a 1031 qualified facilitator, 1031 agent or 1031 exchange specialist) comes into play.
Work With An Experienced 1031 Accommodator
A qualified 1031 accommodator can help with many aspects of the like-kind exchange process. This can include assistance with determining real property’s eligibility for like-kind exchanges to holding proceeds in escrow to preserve taxpayers’ eligibility for tax deferral. You should still consult with your tax professional to make sure a 1031 exchange is right in your situation. At 1031 National Services, we have been facilitating 1031 exchanges for taxpayers since 1994. As a result, we are intimately familiar with the 1031 exchange process, and we can use our experience to help guide you through this..
Contact Us to Learn More
As a qualified 1031 accommodator, we assist taxpayers nationwide with securing tax deferral for like-kind exchanges under Section 1031 of the Internal Revenue Code. For more information, give us a call or request a consultation online today.