1031 exchanges have helped many an investor defer their capital gains taxes on the sale of real estate. These exchanges are beneficial for the exchangor and the economy at large. Give us a call today to set up a time to chat with our Lakeville 1031 exchange professionals – 612.643.1031.
Lakeville Real Estate Exchanges
Any taxpayer who engages in a 1031 exchange must abide by the same rules set out in section 1031 of the Internal Revenue Code. There are numerous regulations that you have to abide by, but the most important ones are your 180 day time limit, the like-kind requirement, and the qualified purpose requirement.
At Commercial Partners Exchange Company, we facilitate 1031 exchanges throughout the state of Minnesota, including the cities of Lakeville, Apple Valley, Farmington, Prior Lake, and more.
Lakeville 1031 Exchange Resources
Like-kind exchanges are complicated, especially for the uninitiated. The more information you have on hand, the better off you’ll be when it comes time to commence your 1031 exchange. To that end, we have put together a great beginner’s list of 1031 exchange resources. These will help you better understand the process and whether or not your property is a good candidate for 1031 treatment. Click on the links below to read more:
Start Your 1031 Exchange with Commercial Partners Exchange Company!
Commercial Partners Exchange Company helps taxpayers defer taxes on real estate sales under section 1031 of the Internal Revenue Code. We have twenty years of experience facilitating real estate exchanges. Reach out to our 1031 exchange professionals today to learn more about the like-kind exchange process. Our intermediaries are here to assist you through the process. You can contact us at our main office in downtown Minneapolis or at any of our satellite offices around the country.