By doing a 1031 exchange, a taxpayer may dispose of "property held for productive use in a trade or business or for investment” and acquire replacement income or investment property, without recognition of capital gain in calculating the taxpayer's income tax. By avoiding recognition of capital gain, the taxpayer defers payment of income taxes, indefinitely at the taxpayer's discretion, without any penalty or interest coming due to the IRS or state tax authorities. If this is a service you or your client require, we can help you accomplish this.

Types of exchanges we can help you with