30 Years of 1031 Industry Leadership
With over 30 years of experience with 1031 Exchanges, our skilled experts ensure a swift, seamless, and personalized transaction nationwide.
What is a Section 1031 Exchange?
Leverage Your Gains
IRS Revenue Code Section 1031 allows sellers of investment or business-use real estate to defer paying capital gains and depreciation recapture taxes when they use the proceeds of the sale to purchase one or more additional pieces of investment or business-use real estate in a transaction called a “1031 Exchange.”
Deferring taxes allows you to leverage the full proceeds of a sale towards the purchase of additional properties enabling the purchase of larger or more productive properties.
To qualify for tax deferral, sellers must comply with the strict timelines and rules set forth in the Internal Revenue Code (IRC). Proceeds of the sale should also be placed with a third party known as a Qualified Intermediary.
The experts at Liberty 1031 are here to guide you with the important personalized information and documentation you need for a smooth 1031 Exchange transaction.
Liberty 1031 Exchange Case Studies
Every property is different and every exchange scenario is unique.
See how the experts at Liberty 1031 applied strategies on these recent transactions.
FACTS: The Exchanger, who lives in Idaho, has closed on its Nevada Relinquished Property ( an investment rental home valued at $350,000) on August 1, 2017. The Exchanger has timely identified its possible Replacement Property, before the 45th day for...
FACTS--A very bright client of ours purchased two different properties a number of years ago. These two properties were in a developing area of Miami-Dade County. Additionally, both of these lots had neighboring properties that were raw acreage. These two (2)...
The case law on this type of 1031 Exchange transaction shows that the IRS may consider the exchanger to be a "Dealer" rather than an investor which will disqualify the transaction as a 1031 exchange relinquished property sale. The case law varies in outcomes, but...
Why Choose Liberty 1031?
Why? So you can experience the peace-of-mind that your transaction will be expertly structured and managed.
- 30+ years of successful 1031 guidance.
- Personal service from certified specialists.
- Timeline management.
- Full documentation preparation.
- Nationwide service.
- Security of funds.
Can you use 1031 Exchanges for vacation-second homes? The answer is “yes” but there are very specific rules to follow.
The Basic 1031 Identification Rule Is:The Exchanger has only 45 days from the day of closing on its relinquished property to identify possible replacement property. WARNING: Section 1031 and the IRS regulations thereunder have strict requirements for the...
First, it is not only the capital gains tax that the taxpayer will be deferring payment on, when transacting a Section 1031 exchange, it’s also the additional depreciation recapture tax on the relinquished property, as well as any State income taxes if any. The rules...
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