WHAT IS A LIKE-KIND PROPERTY?
Any two assets or properties that are considered to be the same type, making an exchange between them tax free. To qualify as like kind, two assets must be of the same type (e.g. two pieces of residential real estate), but do not have to be of the same quality.
WHY USE 1031TRX IN NEW YORK?
1031trx is a professional QI that validates 1031 exchanges across the United States by structuring them under “safe harbor” provisions and IRC §1031. 1031trx understands the stress that inevitably surrounds real estate transactions. Our commitment is to ensure a smooth exchange process, with clear and structured guidance to all parties involved in the transactions.[ Read More Our Services ]
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