If you are considering a 1031 exchange in Bemidji or the surrounding area, you have come to the right place! Our qualified intermediaries have twenty years of experience facilitating like-kind exchanges throughout the state of Minnesota and beyond. Contact the team at Commercial Partners Exchange Company today to get your 1031 exchange set up and realize the tax-saving benefits of a like-kind exchange – 612.643.1031.
Consider a 1031 Real Estate Exchange in Bemidji
A 1031 exchange is an excellent alternative to outright selling your real estate because it allows you to defer your capital gains taxes on the sale of said real estate. Now, in order to qualify for 1031 exchange treatment, your property needs to be like-kind and held for the qualifying purpose of investment or business use. When you sell your property, you need to move all of your net proceeds into a new replacement property to continue your investment.
Resources for Bemidji 1031 Exchanges
Starting a 1031 exchange is a daunting process for many. The more resources you have available, the easier the process will be! Please find below a list of helpful resources on the topic of 1031 exchanges:
1031 Exchange Professionals in Bemidji, MN
Section 1031 is an invaluable part of the United States tax code that allows any taxpayer in the US to defer their capital gains taxes on the sale of real estate. This provision applies to big and small investors, alike. At Commercial Partners Exchange Company, our qualified intermediaries have more than twenty years of experience facilitating such transactions for clients throughout the state of Minnesota and the country. Contact us today at our offices in Minneapolis to learn more about our services and get started with your exchange.