Did you know that it is possible to sell certain qualified properties without paying capital gains taxes in the year of the sale? Title companies, real estate professionals and many casual investors already know about laws regarding 1031 exchanges, but some confusion still exists among new investors and even some seasoned investors when it comes to 1031 exchange properties.

 

At Precision Global Corporation, we recognize the benefits of saving hundreds of thousands of dollars in capital gains taxes in order to fully optimize your portfolio. That’s why every project we take on is fully 1031 compatible.

 

1031 Exchange Properties: The Basics

 

A 1031 exchange is basically a swap of one investment property for another. An investment property is sold, a qualifying 1031 replacement property of equal or greater value is purchased, and any capital gains taxes on the sale of the initial investment property are deferred until you no longer are interested in making further 1031 investments and you sell your property.

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The fact that this process lets you maximize your investments, and thus your potential returns, might be the most exciting 1031 exchange information you can learn, but there’s much more.

 

Learn More About These Popular Investments

 

A 1031 exchange, also called a Starker Exchange, is an extremely useful tool for deferring your taxes. This strategy 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 acquiring a 1031 replacement property beyond what this page explains (along with those linked to below), please don’t hesitate to call us. One of our representatives will be glad to walk you through every step of the way.

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On the pages that you can view by clicking on the links below, we outline the major 1031 exchange guidelines and 1031 exchange rules that the IRS has set forth. Understand this 1031 exchange information to make sure you don’t have to pay those pesky capital gain taxes until it’s more advantageous to do so.

 

 

5 Common Questions About 1031 Exchange:

What is a 1031 Exchange? 

What do I need to Qualify? 

What are the 1031 Exchange Rules? 

When should I do a 1031 Exchange? 

How can I do a 1031 Exchange right now

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The Benefits of Working With Precision Global Corporation

Investing in real estate can provide some tax advantages and capital appreciation potential not available with other types of investments. It makes sense to explore opportunities with an experienced company that not only has expertise (all of our projects are 1031 compatible), but also will be your partner. Our investments are at stake right alongside yours.

 

 

Still have question about doing a 1031 Exchange? Contact us and we'll be more than happy to walk you though it!

 

 

*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.