Exchange Explained

Exchange Explained

Internal Revenue Code relates to the disposition of commercial property that is held for investment purposes or used in productive business. If performed properly, internal revenue code provides an exception to the rule requiring the payment of capital gains tax upon the sale or exchange of commercial property. The theory behind internal revenue code is to allow the property investor to reinvest the sale proceeds into another commercial property, foregoing any economic gains that may have been realized from the sale. If you have recently sold, or are thinking of selling investment commercial property, we can assist in matching you with a qualified 1031 broker. A 1031 broker can help you explore your exchange options. Contact us today for a free consultation.



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