Why You Should Consider a 1031 Exchange
Robert G. Hetsler, Jr. J.D. CPA
Inspirational Leader, Spiritual Warrior, Life & Business Strategist, Author, Entrepreneur Talks about #Overcoming Adversity, #Leadership through Inspiration, #Belief System, #Success #Importance of Progress
Whether you are a business owner or investor, a #1031 exchange can be a very powerful – and lucrative – investment tool.
You already know that any property that is sold or transferred, and results in a gain, is subject to tax. Depending on the specifics of the property, your own tax bracket, depreciation and state taxes, you can end up with a tax liability of upwards of 40%.
Wouldn’t it be great to avoid that liability and re-invest it? You can with a 1031 exchange. Fulfilling all the requirements of a 1031 exchange allows you to keep all the equity for re-investment. You can acquire a more suitable replacement property that better suits your future goals – be that improved cash flow, lower management responsibilities, a new location or any other reason you’re thinking about selling your existing property.
With a new year upon us – and potential legislative changes to the 1031 landscape, there’s never been a better time to explore your options with a 1031 exchange.
To find out how we can help you find and close on your next 1031 exchange property or to learn more about the exchange process and our qualified intermediary services, please visit our website.