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- When investors sell property, they use a 1031 exchange to defer paying their capital gains taxes.
A 1031 exchange allows investors to defer paying capital gains taxes if they acquire new property(ies) that is of equal or greater value to their old property(ies).
By deferring capital gain, the purchasing power of the investor is dramatically increased.
In order to take advantage of the benefits of a 1031 exchange, investors must hire a qualified intermediary.
The qualified intermediary safeguards the investor’s funds between the time the property is sold and the new property is acquired.
At City Suburban Title, we are committed to providing you with quality service and all the resources to ensure that your closing is a smooth and enjoyable experience. Contact us for more information on 1031 Exchanges and how it can help you. |
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