A 1031 exchange is a powerful tool that can benefit big and small investors alike! At Commercial Partners Exchange Company, we have been facilitating exchanges for taxpayers in Golden Valley and the surrounding area for decades. Contact us today to get your like-kind exchange off the ground – 612.643.1031.
Golden Valley 1031 Exchanges Explained
The goal of a 1031 exchange of real estate is to defer 100% of your capital gains taxes. There are many requirements that must be satisfied in order to accomplish this, but essentially you need to reinvest all of your net proceeds from the sale of your property into a new replacement property. When done correctly, you can defer all of your capital gains taxes on the sale and keep that money working for you in a continued investment.
At Commercial Partners Exchange Company, we facilitate exchanges throughout Minnesota, including the cities of: Golden Valley, Edina, Plymouth, St. Louis Park, and more.
Minnesota 1031 Exchange Resources
Before diving into a 1031 exchange, it’s important to equip yourself with all of the appropriate resources. With that in mind, we have put together a list of educational resources for your perusal:
Like-Kind Tax Exchange Company in Golden Valley, MN
Any Minnesota taxpayer can avail themselves of the benefits of a 1031 exchange. Make sure you set up your next real estate sale in the most tax-advantageous way possible by utilizing section 1031 of the Internal Revenue Code. Our qualified intermediaries have over two decades of experience facilitating 1031 exchanges in Golden Valley and the surrounding area. We can help you through all the steps in the 1031 exchange process. Contact us today to learn more about how we can help you defer your capital gains taxes on the sale of real estate – 612.643.1031.