1031 Tax Exchange
A 1031 tax exchange provides serious investors with the ability to take their profits from the sale of one property and reinvest them into another property. Unlike typical investments, a 1031 tax exchange allows you to defer capital gains on your sale. However, in order to benefit from the 1031 tax exchange, you must complete the process within 180 days of the close of the initial sale. While proceeding with a 1031 tax exchange, you must notify the IRS of the properties that you have identified as candidates for the exchange. The IRS must be notified within the first 45 days following the initial sale. If you fail to notify the IRS, you simply can't find candidate properties within that time, or the exchange doesn't occur within 180 days, the gains on your initial sale will be taxed. One of the problems that arises for brokers and their clients is that many 1031 are sold from the principal to an investor without ever being put on the open market. This makes it difficult for brokers to locate candidate properties that fit the needs of the investors they are working with. At TM 1031 Exchange, we have access to these hard-to-find properties. Our comprehensive searches enable you to look for properties by type (i.e., offices, retail, multi-family, etc.), location, price range, and more. We can quickly match brokers/investors with owners/developers. As we are paid a referral fee based on the commission of the sale, our services are free to the investor. To learn more, email team@tm1031exchange.com or call us toll free at 1-877-4-TM1031.
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