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.

Print Friendly, PDF & Email