A successful 1031 exchange requires managing a lot of moving parts that need to be handled appropriately in order to complete a successful exchange. In this article, we are going to offer up some tips and tricks for putting together a perfect 1031 exchange of real estate.
Make Sure Your Property Qualifies
Before you start putting things together and starting the 1031 exchange process, you need to make sure your property qualifies for 1031 treatment. Any property used in a 1031 exchange needs to be held for investment or business use. Personal property is disqualified outright from 1031 exchange treatment.
Work with a 1031 Exchange Company Who Sees the Bigger Picture
If you’ve never done a 1031 exchange before, it’s easy to get overwhelmed by the process. That’s where a skilled 1031 exchange company can be a significant help to you. Work with an experienced 1031 exchange company who can see the bigger picture of your 1031 exchange. They will be able to help you arrange everything to set your exchange up for success!
CPEC1031, LLC
If you are interested in learning more about how to save taxes on the sale of real estate, you’ve come to the right place. The 1031 exchange professionals at CPEC1031, LLC have been facilitating 1031 exchanges of all shapes and sizes for the past two decades. Our intermediaries can guide you through the process, manage all of your required documents, and answer any of your questions along the way. Reach out to us today at our downtown Minneapolis offices today to learn more about the process.
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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