Keyword Analysis & Research: 1031 exchange company ny

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Frequently Asked Questions

Can you buy a business with a 1031 exchange?

Under federal tax laws, you can buy a business with a 1031 exchange. The property that you're selling in order to buy the business must be a like-kind property, which can be investment property or another business. You cannot defer taxes on certain aspects of a business, such as inventory or stocks.

What good is a 1031 exchange?

Key Takeaways A 1031 exchange is a swap of properties that are held for business or investment purposes. The properties being exchanged must be considered like-kind in the eyes of the IRS for capital gains taxes to be deferred. If used correctly, there is no limit on how many times or how frequently you can do 1031 exchanges. More items...

Who handles 1031 exchange?

First American Exchange Company is the nation's top qualified intermediary whose exclusive business is handling 1031 exchanges. First American Exchange offers solid financial strength, experience and nationwide service, and handles exchanges in all 50 states.

When and why to use a 1031 exchange?

A 1031 exchange can be used by savvy real estate investors as a tax-deferred strategy to build wealth. The many, complex moving parts not only require understanding the rules, but also enlisting professional help-even for seasoned investors.

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