Section 1031 Information for Realtors and Tax Advisors
What Is Your Client Selling?
If your client is selling his/her real property held for investment or real property held for productive use in a trade or business, it may be eligible for a 1031 Tax-Deferred Exchange.
What Does Your Client Want To Do
With The Proceeds From This Sale?
If your client does not want to pay capital gains tax on the money he/she will receive at closing, they may benefit from reinvesting into property of like-kind through a Tax-Deferred Exchange (like-kind property is any real property held for productive use in a trade or business or held for investment.)
Who Can Serve As a Qualified Intermediary?
If you have represented your client during the past 2 years, you are probably disqualified to serve as a qualified intermediary and will need to select a qualified intermediary such as Pioneer 1031 Company prior to the closing.
