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Understanding the 1031 Exchange

Most of us don’t like paying capital gains tax every time we buy or sell property held for business or investment. We want to keep what we have worked so hard to build and acquire, but we may not know how or where to look to find the answers we need. That is why we at Northern Exchange are here, to give you the answers you need.

Uncle Sam has created a way called a 1031 Exchange. A 1031 exchange is actually the IRS code for what is called a Tax Deferred Exchange. What that means to you is now you can sell your property held either for business or investment and build it, diversify it or shrink it depending on what you want to do. The IRS has established rules that must be followed in order for you to do a 1031 Exchange.

It is very important that you choose someone with experience, knowledge, and expertise in 1031 exchanges. They can be very complex and difficult. Using an experienced Qualified Intermediary like Northern Exchange can help assure you that each transaction will be done right the first time, every time.

It can be frustrating wading through all the online information and how it can benefit you. Our website is designed to do just one thing: give you the help and guidance you need on understanding and completing a 1031 Exchange in a simple, honest, and up-to-date approach. If you have questions, you can contact us anytime, and we will be happy to answer any questions you might have.