Did you know it's possible to defer the payment of capital gains taxes associated with a business or investment real estate sales transaction
by using a 1031 Exchange?
So, what exactly is a 1031 Exchange?
A 1031 Exchange is a tax deferred sale/exchange of one investment or business property for another "like-kind" investment or business property. If a business or investment property owner sells their property and has a gain on the sale, they generally would have to pay taxes on the gain. 1031 Exchanges allow for a deferral of that taxation, meaning they won't have to pay taxes on the gain until a later date.
What type of properties qualify as a 1031 Exchange?
A Trade or Business property, specifically property that is used regularly in a person's income producing business. It could be rental property, warehouses, farms, retail stores, etc., possibly even your home office. Read more ...
About us
​My name is Thomas Danford, CPA and President of Like Kind Exchange Corporation. I started Like Kind Exchange Corporation in 2004 for the sole purpose of assisting real estate sellers in correctly completing transactions that qualify for IRC Section 1031 tax treatment. I am also a practicing Certified Public Account focused on tax engagements for over 40 years, with a specialization in real estate transactions.
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Like Kind Exchange Corporation has successfully facilitated hundreds of 1031 Exchanges in the United States and a few International over the past 21 years. Our clients have saved thousands of dollars, sometimes hundreds of thousands of dollars by taking advantage of these tax savings techniques.
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While the 1031 Exchange process can be somewhat complicated, we are here to help! We can save you considerable time and effort facilitating a 1031 Exchange by providing all the documentation and services required, such as:
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Serve as your experienced Qualified Intermediary (QI)
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Preparing Exchange Agreements
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Preparing Assignments
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Preparing Carry Back Notes
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Preparing Instructions to the Title Company
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Managing transaction proceeds in a Qualified Account
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Involvement in Construction Projects
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Execution of closing documents as required by the Title Company
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