The property market is heating up, with more and more transactions taking place. If you are planning on selling and buying business or investment assets, a 1031 exchange is a great way to defer taxes on capital gains or depreciation recapture. As the year-end nears, now is the perfect time to reap those tax benefits before it is too late.

A 1031 exchange is a great way to defer taxes by allowing you to sell property and also buy “like-kind” property within 180 days after the sale of your existing property. If you sell your property first and then buy a new one, a 1031 forward exchange is the way to go. However, a 1031 reverse exchange can be done instead if you have located your desired property and must acquire it before you can sell your existing property. 

You may be wondering, what types of assets are exchangeable? Although in the past you could use defer taxes on aircraft or oil rigs for 1031 exchanges. Today, only real estate is considered to be a “like-kind” exchangeable asset.

NES Financial is one of the nation’s leading qualified intermediaries, offering a team of industry experts with experience in all market segments and exchange types. We process over $85 billion in transactions annually and saved our customers over $33 billion in taxes in 2013 alone.  We are unique in that we have innovative technology-based solutions that can be customized to facilitate even the most complex 1031 exchange transactions to handle any size exchange, from the biggest to the smallest.

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What is a 1031 exchange? Find out more by downloading our 1031 Administration Solution Sheet.