1031 Reit Exchange Explained




1031 Reit Exchange Explained

Internal Revenue Code provides that no gain or loss will be recognized on the exchange of any type of business use or investment income real estate for any other business use or investment income real estate. This means that a 1031 REIT exchange is a rollover of equity of like income real estate, rather than an avoidance of tax and allows for the transaction to take place with full tax benefits attached. The theory behind internal revenue code is to allow the real estate owner to reinvest the sale proceeds into another income real estate, foregoing any economic gains that may have been realized from the sale. If you have recently sold, or are thinking of selling investment income real estate, we can assist in matching you with a qualified 1031 REIT advisor. A 1031 REIT advisor can help you explore your 1031 REIT exchange options. Contact us today for a free consultation.


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