Many of our clients wonder if there is a limit to the number of 1031 exchanges they can do. That’s our topic for this article. Read on to learn more!
1031 Exchange Limitations
There is no limit to the number of 1031 exchanges a US taxpayer engages in. A person can conduct as many 1031 exchanges of real estate as they so choose, as long as they abide by all the rules laid out in section 1031 of the Internal Revenue Code.
It’s important to hammer that point home - you need to make sure that you are meeting all the necessary requirements for every 1031 exchange you conduct. You need to ensure that your property is like-kind. You need to ensure that your property is held for business (not personal) use. You need to make sure that you go up in value, equity, and debt when exchanging into your replacement property.
Exchange Your Property & Save on Capital Gains Taxes
Exchange your real property today with a 1031 exchange and save on capital gains taxes! A 1031 exchange allows taxpayers to reinvest their net proceeds from a real estate sale and defer capital gains taxes so long as they reinvest the proceeds into a replacement property. This has the added benefit of keeping your money working for you in a continuing investment. Our qualified intermediaries are well-equipped to help you through the entire exchange process. Contact us today at our offices in downtown Minneapolis to learn more about how we can help.
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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