Real Estate & 1031 Exchanges
Looking for ways to potentially benefit from the equity you have built up in real estate investments without losing your gains to taxes? Is it time to restructure your real estate portfolio?
IRS Revenue Ruling 2002-22 provided more options open to real estate investors looking for tax-deferred exchanges. You may be able to:
- Diversify real estate holdings to include different asset types and income streams.
- Trade up from labor-and maintenance-intensive, single-owner properties to large multi-owner properties that could be located anywhere in the U.S. and take advantage of different local markets.
We provide skilled in-house analysis of properties available for 1031 exchanges with ongoing reviews of investment performance. This is designed to help clients potentially maximize their profits from investments.
Tax-deferred 1031 exchanges are complex transactions that must be properly structured and documented. This is an area of real estate where you may need the involvement of tax and legal experts. We have the resources to direct you through the 1031 exchange process.
One division of Tweed Financial is devoted to assisting clients to choose nationwide properties through 1031 exchanges or outside cash investments.
We are also experienced in assisting clients with Real Estate Investment Trusts (REITs) and Fractional Interest Shares in Major Properties and in transferring properties to younger generations or trust structures.
Contact us for more information
*Under the IRS code of 1986, section 1031, the capital gains tax of a property sold can be deferred with the purchase of a like-kind property. Like-kind property is defined as any type of investment property, rather than property owned for personal use. By completing a 1031 exchange, the investor can use all the equity in the property to purchase a like-kind repacement property, deferring the capital gains tax that otherwise would have been paid.
The information provided is general in nature and is for informational purposes only. Contact a tax advisor and/or attorney prior to taking any action based upon this information. We do not guarantee that the information supplied is accurate, complete or timely, and it does not make any warranties with regard to the results obtained by its use.