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For Rental Property sales and other investment property, Section 1031 of the Internal Revenue Code, which authorizes Tax Deferred Exchanges, is one of the most powerful Sections in the Federal Tax Code. Section 1031 allows you to legally avoid/defer paying thousands of dollars in current Capital Gains Taxes when you sell one investment property and roll the proceeds into one or more replacement property(ies). www.blackacre1031.com In order to take advantage of Section 1031, exchange documents must be in place before you close on the property you are selling and you need to use a Qualified Intermediary (“QI”), which is the role of BlackAcre 1031.
Attorney-owned. Nearly $2 billion worth of exchange transactions completed in 31 states + DC.