Powerful Tax Deferment Strategies
Known in the industry as one of the most powerful tax-deferment strategies available, a 1031 Exchange (also known as Starker Exchanges or Like-Kind Exchanges), is a valuable investment option that allows the owner of an investment property to sell it and buy like-kind property while deferring capital gains tax.
In fact, the 1031 Exchange has been cited as one of the most powerful wealth-building tools still available to taxpayers. Many financial experts and real estate professionals have cited the 1031 Exchange as a major part of their success strategies.
However, while extremely lucrative for a select number of investors and individuals of a higher net worth, a 1031 Exchange also brings multiple complexities and a number of special circumstances. As such, it is incredibly important that these transactions be handled by specialized professionals who are experienced in real estate law.
The experienced real estate attorneys at Blustein, Shapiro, Frank & Barone, LLP have assisted countless clients in structuring complex tax-deferred exchanges for all types of investment real estate, including residential, mixed-use and office buildings, and industrial properties.
Contact us today to learn more about how we can help you determine what property qualifies, determine if you are eligible, and prepare and file the necessary documents on your behalf.