1031 Exchanges

Smart planning for the future includes exploration of legal tools such as 1031 like-kind exchanges as a means to defer income tax after the sale of appreciable property. A properly executed like kind exchange allows property sellers to defer tax until a later date. In many instances, the net effect of a 1031 exchange will be that you postpone or defer paying your entire tax. If you are interested in the prospect of deferring the payment of tax on gains when selling an appreciated property, JDS&A attorneys can handle the transaction.

JDS&A both advises its clients and acts as “facilitator” in both direct and “reverse” exchanges. We also assist clients in locating appropriate exchange properties. As with much of life, pre-planning can be key in a 1031 exchange transaction. If you are considering an exchange, need a facilitator or have already begun marketing your property (land and/or equipment) please contact us.

Articles

1031 Exchanges: An IRS Sanctioned Tax Shelter- J. Kevin Bromiley