1031 Info
Information on 1031 Like-Kind Exchanges
Whenever you sell business or investment property and you have a gain, you typically have to pay tax on the gain at the time of the sale. IRC Section 1031 provides an exception and allows you to postpone paying tax on the gain if you reinvest the proceeds in similar property as part of a qualifying like-kind exchange. This fact sheet provides additional guidance regarding the rules and regulations governing deferred like-kind exchanges:
Since 1993, Johnson Commercial has played a key role in the commercial property marketplace of Western Washington. As a boutique among commercial real estate companies, it strives to provide the most accurate and current information, and is committed to providing services in an atmosphere that fosters and maintains longstanding relationships. These services include selling and leasing a wide variety of commercial properties including retail shopping centers, office buildings, medical offices buildings, warehouses, and special use properties. As intermediaries between Buyers and Sellers or Tenants and Landlords, we are committed to honestly and integrity in every aspect of negotiations.
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