What is a 1031 Tax-Deferred Exchange?
When the proceeds from the sale of investment real estate are used to purchase other like-kind investment real estate, you should consider a Tax-Deferred Exchange. The use of an accommodator or qualified intermediary throughout your transaction is recognized as a safe harbor by the IRS.
The sale and purchase of investment property can be done as a delayed exchange or a simultaneous exchange. Both qualify for tax-deferment. There are important guidelines and tricky pitfalls you need to be aware of if you want total tax-deferment.
Pioneer 1031 Company can help you set up a 1031 Tax-Deferred Exchange as well as explain the steps for your particular exchange. Although we cannot give specific tax advice, we do give consultations free of charge. Please give us a call with your questions.
