Did you know that it is possible to sell certain, qualified, properties without paying a capital gains tax? Title companies, real estate professionals, and casual investors already know about this law but some confusion still exists among new investors and even some seasoned investors.
At Precision Global, we recognize the benefits of saving hundreds of thousands of dollars in capital gains in order to fully optimize your portfolio. That's why every project we take on is fully 1031 compatible.
A 1031 Exchange, also called a Starker Exchange, is an extremely useful tool for deferring your taxes and is used by the most successful real estate investors in the world. If you’re interested in doing a 1031 Exchange or need more help understanding the process of doing a 1031 Exchange beyond what this page explains, please don’t hesitate to call us and one of our representatives will be glad to walk with you every step of the way. Below, we outline the major 1031 Exchange Guidelines and 1031 Exchange Rules that the IRS has set forth to make sure you don’t have to pay those pesky capital gain taxes.
*Note: We are not Certified Public Accountants and this is just to give you a basic understanding of how a 1031 exchange works. Every state has a different Capital Gains tax rate. Please consult with your local tax official to get more state-specific information.