1031 Exchange
Trust Us To Help You With Your Next 1031 Exchange!
What Is A 1031?
Section 1031 of the U.S. Internal Revenue Code permits investors to defer capital gains taxes on investment property sales by reinvesting the proceeds into a similar property. This is known as a 1031 or like-kind exchange. While this provision offers significant benefits, strict rules and timelines must be observed. Therefore, it is recommended that investors consult tax or real estate experts to ensure compliance and maximize benefits.
Tax Deferral
Wealth Accumulation
Diversified Portfolio
Increased Cash Flow
Estate Planning
Trade Flexibility
The 1031 Process
First Steps
Speak with your real estate, financial and tax advisors to understand the timelines and restrictions and a qualified intermediary to facilitate the transaction.
Sell a Property
We have access to the largest pool of qualified buyers in the industry, helping you sell your property quickly and at a good price.
Identify a Replacement
You have a 45 days to identify your next transaction, purchasing up to three replacement properties.
Purchase
We have the experience and expertise to guide you through the closing process successfully and painlessly.
Is a 1031 Right for You?
A 1031 exchange may be a suitable option for investors selling an investment property to defer paying capital gains taxes. However, determining if a 1031 exchange is right for you depends on factors like investment goals, tax situation, and financial circumstances. Consulting with tax professionals or real estate experts can help assess the benefits and risks and navigate the strict rules and timelines associated with a 1031 exchange. Seeking expert guidance can help determine if a 1031 exchange aligns with your investment strategy.
Choosing Us - The Optimal Decision
When it comes to choosing a brokerage for your commercial real estate and property management needs in the Greater Tampa Bay Area, Brokers International stands out as the perfect choice. Our exceptional track record and unique set of advantages make us the go-to option for clients seeking unparalleled service and expertise.
