When you are looking to sell investment property without incurring taxable gain, a tax deferred exchange may be just the right solution.
Ghirardo CPA has the knowledge and experience to seamlessly guide you through the process, no matter how complex your particular transaction.
As outlined in IRS Code Section 1031, income tax on profits from a property sale can be deferred if the property is “exchanged” rather than sold. An exchange will allow you to dispose of property without incurring current income taxes and allow you time to identify and acquire a replacement property.
Our team has extensive experience in structuring IRS Section 1031 tax deferred exchanges. We understand how to fulfill property owners’ desires to liquidate their interest in a property and acquire other properties – without recognizing taxable gain.
When you are thinking about selling a property, consider exchanging it first. We can answer your tax-deferred exchange questions and assist you with the process so that you don’t incur taxable gain.
If you would like more information on Tax Deferred Exchanges, or need a Qualified Intermediary to complete an exchange, please contact our affiliate company, Exchange Alliance Group.