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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.
The good news is that IRS has issued 1031 Exchange Timeline Extensions on some 1031 deadlines. But the notice (Notice 2020 - 23) was not written like the past Disaster Relief Notices, so there may be more clarification to come. Last week I informed you of the work...
CAN THE GOVERNMENT GIVE AN EXTENSION TO THOSE PARTIES IN A SECTION 1031 EXCHANGE AS A RESULT OF THE CORONAVIRUS? Yes. Federal law permits the IRS to grant taxpayers affected by a federally declared disaster additional time to perform certain time-sensitive acts As...
Clients ask "What if the 1031 Exchange Fails to Complete?" Over the past month, three attorneys have asked the same question; When can the Exchanger receive their funds back when a 1031 Exchange transaction fails to complete properly? What are the 1031 Exchange...
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