Hire 1031 Exchange Lawyer In DurhamPosted by: Damon Webster | Posted on: February 21, 2020
1031 Exchange, also known as a tax-deferred exchange, allows investment property owners to sell the property and defer tax payments by reinvesting the proceeds into "like-kind" investment property or property.
1031 tax-deferred exchange specialists and real estate consultants help the clients become significantly wealthier through wise counsel and optimum movement of properties at expedient times. You can also look for professional 1031 exchange attorney via https://www.maitlandlaw.com/real-estate/
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They help to structure creative ways for the clients to move up through the ranks into financial positions previously unknown to them.
These experts can be contacted by financial organizations and tax exchanges, but the best option will be to browse through yellow pages.
In order to completely defer the payment of tax with 1031 exchange, these experts suggest that the replacement property must be of equal or greater value, and all the equity from the sold investment property must be reinvested in the new investment property or properties.
These specialists basically offer highly personalized service, provide access to high-quality institutional-grade investment property nationwide, and guide investors through the entire exchange process.
They enlighten the clients about 1031 exchanges coupled with Tenants in Common (TIC) replacement real estate property investments, guide them through the complexity of the exchange process, assist them with finding a qualified intermediary, and help them identify an appropriate replacement property to successfully complete your property exchange.