Any United States taxpayer can avail themselves of the tax-saving benefits of a 1031 exchange. If you are thinking of selling investment real estate, but don’t want to suffer a big capital gains tax hit, a 1031 exchange may be right for you. At Commercial Partners Exchange Company, our qualified intermediaries have been assisting clients with their exchanges in St. Paul and the surrounding Twin Cities area for over twenty years. Contact our team today to get your 1031 exchange set up and realize the tax-saving benefits of a like-kind exchange – 612.643.1031.
Why Should You Consider a 1031 Exchange?
Why should you consider doing a 1031 exchange? Why not just sell your property and pocket the sales proceeds? Well, you certainly can do that, but you will be responsible for paying capital gains taxes on those net proceeds from the sale. Savvy investors who don’t want to cut a check to Uncle Sam utilize the 1031 exchange to defer these capital gains taxes and keep their money working for them in a continued investment property. The process is pretty straight forward. You sell your relinquished property, then reinvest your sales proceeds into a replacement property – deferring your capital gains taxes in the process.
Resources for Minnesota 1031 Exchanges
For those unfamiliar with the 1031 exchange process, it’s easy to get bogged down in the details. We’ve put together a few helpful resources to guide you in the process:
1031 Exchange Professionals in St. Paul, MN
Commercial Partners Exchange Company consists of 1031 exchange professionals with over twenty years of experience. Our qualified intermediaries can help you through every aspect of your 1031 exchange of real estate – making sure you understand the process every step of the way. Contact us today to learn more about the like-kind exchange process and how we can help you save money on taxes when selling real estate. You can find us at our primary office in downtown Minneapolis.