1031 Exchange Planning
A 1031 exchange is a way to defer capital gains taxes by rolling the equity from the sale of one investment property into the purchase of another. Many clients seeking to increase their returns or reduce their management responsibilities opt for a 1031 exchange to achieve their investing goals.
Lay the Groundwork
Speak with your real estate, financial and tax advisors to understand the timelines and restrictions and enlist a qualified intermediary to facilitate the transaction.
Know the Basics
Instead of immediately paying capital gains on the sale of a property (the “down leg”), many investors prefer to defer that payment by purchasing a new property (the “up leg”) with the proceeds. This is commonly referred to as a 1031 exchange, in reference to the section of the U.S. tax code that defines it. There are specific rules and timelines related to a 1031 exchange, and it is important to have an experienced and knowledgeable specialist handling the process
Sell a Property
Maxwell and his team have large pools of qualified buyers in the industry, helping you sell your property quickly and at a good price.
Identify Replacement
You have a limited time to make your next transaction, purchasing up to three replacement properties. We have a large inventory of exclusive listings, giving you a range of options for your up leg.
Purchase
As a market leader, we have the experience and expertise to guide you through the closing process successfully and painlessly.
Report Exchange
Your tax advisor must report the exchange on your tax return for the year in which you sold your down leg property.
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