By completing a 1031 Exchange

a property seller may avoid the payment of taxes. Those taxes include capital gains tax, depreciation recapture tax, net investment income tax, state taxes and loss of certain deductions and credits.

Gain 1031 Exchange Company is an Intermediary for 1031 Tax Deferred Exchanges

About Gain 1031

Tax Reform Passed by Congress Retains the Ability to Complete a 1031 Exchange of Real Estate

December 26, 2017



By Patrick Harrigan

retail investment real estate

On Friday, December 22, 2017 the President signed tax reform bill, HR.1 which was passed by Congress on Wednesday, December 20, 2017. In that legislation congress preserves the ability to do a Section 1031 Tax Deferred Exchange of real estate. A 1031 Exchange is named after Section 1031 of the Internal Revenue Code and allows a seller of property to defer the payment of taxes upon the sale, by exchanging into replacement property.

During the 2017 legislative process various industry groups related to commercial and investment real estate worked diligently to preserve the ability to complete a 1031 Exchange due to the economic benefits 1031 Exchanges.

Among those who fought to preserve 1031 Exchanges is the Federation of Exchange Accommodators, a professional trade association of Qualified Intermediaries who facilitate 1031 Exchanges for their exchange customers.






Helpful 1031 Exchange Information

Library

Information resources from Gain 1031

Frequently Asked Questions

Resources on Exchanges


IRS

IRS information on 1031 Exchanges

IRS

IRS information page on 1031 exchanges


About

Gain 1031 Exchange Company, LLC is a qualified intermediary which facilitates 1031 exchanges as required by the IRS. Please consult your attorney or accountant for legal or accounting advice. We service the states of Wisconsin and Minnesota including the following cities Minneapolis, Milwaukee, Madison, St Paul, Waukesha, Moorhead, Fargo, Sioux Falls, Duluth, Grand Forks, Bismarck, Rochester, Green Bay, Woodruff, Appleton, Oshkosh, Wausau and Eau Claire, La Crosse, Kenosha, Racine. Also serving North Dakota property sellers in Fargo, Bismarck and all cities.

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