A like-kind exchange under section 1031 of the Internal Revenue Code is an advantageous way to sell real estate while deferring your capital gains tax burden. This provision has existed in the tax code for decades and is used by many investors to save money and exchange into a bigger, better property. If you are considering a 1031 exchange in the Mendota Heights area, we are your go-to resource. Contact our qualified intermediaries today at 612.643.1031.
Conducting a 1031 Exchange in Mendota Heights, MN
To set up a 1031 exchange you need to have a relinquished property that is held for business or investment purposes. You can set up a 1031 exchange on the property and reinvest all of your sales proceeds into a new replacement property of equal or greater value. In so doing, you can defer your capital gains tax bill on the sale.
At Commercial Partners Exchange Company (CPEC1031), we provide 1031 exchange services to clients throughout the Mendota Heights area, including the cities of: St. Paul, Inver Grove Heights, Vadnais Heights, Roseville, and more.
Mendota Heights 1031 Exchange Resources
1031 exchanges of real estate require an extreme attention to detail and a wide scope of knowledge about the process. We have put together some resources to educate taxpayers on the ins and outs of the 1031 exchange process. Click on the below links to learn more:
Contact a Mendota Heights 1031 Intermediary
At Commercial Partners Exchange Company, we have over two decades of experience working with clients on all sorts of 1031 exchanges. We’ve got the knowledge and expertise to help you through your transaction. Our qualified intermediaries work with clients throughout Mendota Heights and the surrounding area of southern Minnesota. Contact us today to set up your next 1031 exchange – 612.643.1031.