WHAT IS SECTION 1031?
A section of the U.S. Internal Revenue Service Code that allows investors to defer capital gains taxes on any exchange of like-kind properties for business or investment purposes. Taxes on capital gains are not charged on the sale of a property if the money is being used to purchase another property - the payment of tax is deferred until property is sold with no re-investment.
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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