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106 Things We Do For Clients, No. 55

by | Dec 13, 2017 | *Financial Awakenings, Fee Only Financial Planning


No. 55 of 106 Things We Do For Clients

Walk you through the complexities of a 1031 tax-deferred exchange.

Your first thought may be that you are not a large enough investor that you would ever need to do a 1031 exchange. If you own a rental house, a ranch, or a lot and you want to sell it and buy another property, you can do a 1031 exchange to keep from losing up to 23.8% of your gain to taxes. Unlike selling a personal dwelling, none of the gain of an investment property is tax free. However, by using a 1031 exchange you can keep 100% of your gain working for you. We understand the complexities of 1031 exchanges and can help you dot the “i’s” and cross the “t’s” so your exchange doesn’t unintentionally become taxable.

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