CPAs, accountants, and other tax professionals are always on the lookout for strategies that can help their clients save money in taxes. A 1031 exchange is an excellent tool that can be put to use by any US taxpayer to save money in capital gains taxes when selling investment real estate. In this article, we are going to discuss how CPAs and other tax professionals can talk to their clients about the tax-saving benefits of 1031 exchanges.
Tax Saving Benefits of 1031 Exchanges
If your client owns investment real estate, a like-kind exchange may be a great option for them as it allows capital gains tax deferral so long as the sales proceeds are reinvested in another like-kind property. This can result in a potentially huge amount of tax savings when selling qualifying real estate.
There are, of course, a plethora of rules and requirements that must be met in order to complete a successful 1031 exchange of real estate. That’s why it’s important to work with a 1031 exchange professional who can answer your questions if your client is interested in a 1031 exchange.
CPEC1031, LLC – Qualified Intermediaries
CPEC1031, LLC employs qualified intermediaries who can help you through any type of 1031 exchange of real estate. Our like-kind exchange intermediaries have over two decades of experience in the 1031 exchange industry. We can assist you through the whole like-kind exchange process, from the sale of your relinquished property to the purchase of your replacement property. Contact our team of 1031 exchange professionals today to talk about your like-kind exchange. Our main office is in Minneapolis, but we work with clients across the United States on 1031 exchanges.
Start Your 1031 Exchange: If you have questions about 1031 exchanges, feel free to call me at 612-643-1031.
Defer the tax. Maximize your gain.
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