New York, New York

1031 Like-Kind Exchanges

A smart way to defer capital gains on property sales

Minneapolis, Minnesota

1031 Like-Kind Exchanges

A smart way to defer capital gains on property sales

Cleveland, Ohio

1031 Like-Kind Exchanges

A smart way to defer capital gains on property sales

BACKGROUND

A like-kind exchange under §1031 of the Internal Revenue Code is one or more transactions that allows for the disposal of an asset and the acquisition of another replacement asset without generating a current tax liability from the sale of the first asset. In the context of a building or other appreciated property, a like-kind exchange can defer income tax liability.

HOW WE CAN HELP?

ICS Tax has experts in like-kind exchanges that can advise and assist in this valuable tax planning idea.