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The "1031 exchange" (the name comes from section 1031 of the IRS code) makes it possible for investors to sell and then buy property of "like kind" while deferring capital gain tax liabilities. This transaction device is authorized by section 1031 of the IRS code. It offers investors a reliable and time-tested method for the protection of their real estate assets.
In essence, an investor can continue to roll forward indefinitely any capital gain taxes on his investment properties!
A proper, IRS approved, 1031 exchange allows the investor to reinvest 100% of his equity from the sale of a property into the purchase of a new replacement property without recognizing any gain, thus deferring any federal and most state capital gain taxes.
As Las Vegas residential real estate brokers,
we are expert at helping investors find and close on Las
Vegas properties within the allotted time frame to
successfully complete these 1031 exchanges. Our years
of Las Vegas area real estate experience make us
uniquely qualified.
Specifically, we can help Las Vegas real estate investors
- To identify Las Vegas Area replacement
properties within 45 days of closing on the property
that you sold.
- To close on the Las Vegas Area
replacement property within 180 days from the date of
sale of the original property that you sold.
- To help you find a "Qualified Intermediary" in the Las Vegas Area to suit your specific needs.
Obviously, there are many 1031 exchange opportunities in the Las Vegas Area. It is important that the investor has reliable, experienced and qualified help in properly executing these transactions.
Please call or email me for a detailed analysis of your particular situation and how it relates to Las Vegas Area Properties.
Want to learn more?
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