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Trust Title Home :: Services :: 1031 Exchanges
1031 Exchanges: Real Estate Settlement Services for Tax-Deferred Exchanges
A 1031 tax-deferred exchange is often called the last remaining tax shelter for real estate investment. It's an investment strategy worth consideration by anyone who owns investment real estate and one that must be addressed during closing. At Trust Title, we have experience and insight into such settlements.
Anyone involved with advising real estate investors including Realtors®, real estate attorneys, accountants, financial planners, real estate settlement agents such as those at Trust Title Company and lenders should know about tax-deferred exchanging. Quite simply, it is a method by which a property owner trades one property for another without having to pay any federal income tax on the transaction. Unlike in an ordinary sales transaction, in an exchange the tax is deferred until some time in the future, usually when the property is sold.
The application of Section 1031 of the Internal Revenue Code to a particular transaction or property can only be determined after careful study of a taxpayer's particular situation and an analysis by your tax advisor, real estate attorney, real estate advisor and intermediary. When such a review suggests that a 1031 Exchange is advisable, be sure to include knowledgeable professionals at the real estate settlement table.
For more information on 1031 Exchanges go to www.landam.com/1031 or www.ipx1031.com.
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With offices in:
Springfield, VA
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