1031 Exchange Services
SINC LAW works with all national of tax-deferred 1031 exchange services and companies. These services include all like-kind exchanges in accordance with IRC §1031. Our preferred qualified intermediary companies facilitate a successful exchange based on our following attributes:
- Expertise – Successful 1031 Exchanges are contingent upon adherence to deadlines and strict provisions, requiring substantial real estate and tax law experience. Our attorneys have this experience and the expertise to handle even the most complex transactions.
- Support – SINC LAW provides reliable service, a timeline, and guidance. Most importantly, our clients work directly with exchange specialists, attorneys, and company owners.
1031 Exchange Benefits
Property that is transferred or sold for gain is subject to taxation. Through a properly executed exchange facilitated by our firm, investors can hold onto their equity without being subject to heavy capital gains taxes, ordinary income tax or depreciation recapture. If you exchange investment property for “like-kind” property, there is no immediate tax liability. This makes an exchange an appealing option for investors eager to retain the property’s equity for re-investment. It is the best government interest-free loan and deferred taxes available.
1031 Exchanges also allows investors the ability to regionally diversify their investments. For example, an investment condo in Massachusetts can be exchanged for a strip mall in Florida and an apartment building in Rhode Island or in many other states. Investors who accumulate numerous diversified investment properties over time often find managing a group of properties cumbersome. Through a 1031 exchange facilitated by our attorneys and through our preferred exchanges officers, a group of properties can be exchanged for a single property, simplifying property management.
A common challenge among families who inherit a substantial piece of real estate is agreeing on what to do with the property long-term. 1031 Exchanges through SINC LAW and our affiliates provides families the opportunity to acquire several properties in exchange for one large property or vice versa. This helps each family member realize their individual investment goals.