Like-Kind Exchange

Internal Revenue Code Section 1031 provides rules that allow a property owner to exchange one or more properties for one or more replacement properties within a specified period of time. 

If all of the technicalities of the code are met, the gain on the sale of the original property can be deferred until the replacement property is sold.  This deferred gain reduces the basis of the replacement property (ies). 

We can help you understand the tax consequences of a proposed transaction and assist in structuring the deal to maximize the benefits to you.