A 1031 exchange is a tool in the tax code available to all United States taxpayers. It allows you to defer your capital gains taxes on the sale of real estate so long as you reinvest your sales proceeds into a newer, bigger replacement property. Give us a call today to set up a time to chat with our Minneapolis 1031 exchange professionals – 612.643.1031.
Minnesota 1031 Real Estate Exchanges
1031 exchanges of real estate can help you save a lot of money by deferring your capital gains taxes on the sale. The catch is you have to redeploy all of your net proceeds into a new replacement property to continue your investment. This benefits the economy by encouraging investment, and also benefits the taxpayer by offering tax deferral.
At Commercial Partners Exchange Company, we facilitate 1031 exchanges throughout the state of Minnesota, including the cities of Minneapolis, St. Paul, Edina, Bloomington, Minnetonka, Golden Valley, and more.
Minneapolis Like-Kind Exchange Resources
A like-kind exchange can be complex. Below you will find some free online resources on the topic of 1031 exchanges in Minneapolis. Don’t hesitate to contact our qualified intermediaries if you have any additional questions!
Start Your Like-Kind Exchange in Minneapolis, MN
Get started with your like-kind exchange by contacting our qualified intermediaries today. With two decades of experience, our intermediaries can help you through the hoops of the 1031 exchange process – making sure you understand the process and that all of your bases are covered. Contact us today to learn more about the process of deferring capital gains taxes on the sale of commercial real estate. We’d be happy to discuss the details of your 1031 exchange today. Give us a call at our downtown Minneapolis office to get started.