1031 Exchange

Are You Selling Your Investment Property and Looking to Reinvest?

An opportunity to defer gain by exchanging like-for-like properties.

A 1031 exchange involves selling a property, identifying, and purchasing a similar replacement property within a specified amount of time. Recent regulations were released addressing the changes made to this provision through the Tax Cuts and Jobs Act (TCJA), limiting the ability to utilize this gain deferral to real property only. Although these regulations are in proposed form, it will be important to consider these definitions going forward and the impact they may have on any pending or future exchanges. It will most likely be important to have a thorough analysis completed of any properties that are to be exchanged to identify any attached items of personal property as defined under these proposed regulations.

By ensuring that the tax impacts of any potential transaction are known in advance, proper planning can be taken into account. Understanding the rules of 1031, what properties are involved, their inherent nature, and your ultimate real estate plans can assist in identifying the best outcome.

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Julie Helms, CPA | Director, Specialty Tax Services

The Lurie Difference: A Streamlined Process

Lurie’s Specialty Tax Services advisors offer unique tax savings and reduction strategies for businesses and their tax concerns. The team works closely with you and your service partners to provide counsel and execution on matters that extend far beyond compliance. This close collaboration provides not only coordinated, seamless service with specialists who have deep expertise, but also delivers true dollar cost savings. Here is what to expect: 

We Examine Your Indicators

Request for change in real estate portfolio

We Help You Uncover Benefits

Analysis of the preliminary transaction to determine tax impact; partnering with Lurie Wealth Advisors and your Lurie contact to determine the most advantageous structure

Questions? Let's start a conversation.

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