A 1031 Exchange allows you to transfer profits from one investment property to another without paying capital gains tax. This lets you grow your portfolio and increase your passive income with a huge tax break.
HOW DOES A 1031 EXCHANGE WORK?
When you sell a commercial or residential property at a gain, the IRS wants to tax that gain. This capital gains tax will take about 15% of your profits directly from your pocket. For like-kind property, a 1031 exchange allows you to defer this capital gains tax and reinvest that money into a different like-kind commercial or residential property.
The money goes straight from the first property to the next property, through a qualified intermediary, without you ever having access to the funds. If you did gain access to them at some point, it would be considered taxable by the government...
We stand behind our cost segregation study for as long as you own the property.
The forensic detail of our fully engineered and accounted methodology provides a lifetime level of protection, protecting you from liability. In the event of an audit, we will work alongside your CPA to handle all the inquiries and address and clear all the questions. It's as simple as that.
Choosing the right CPA is essential for cultivating the right Tax Strategy for you and your long term plan. If you actively participate in real estate investing, then it may be the right time to upgrade your CPA or Accountant, if you feel you have outgrown them.
The right CPA could save you thousands, even hundreds of thousands of dollars, by utilising all of the depreciation benefits and tax credit options available to you.
Since 2002, we have completed over 15,000+ cost segregation studies on properties that are in cities and towns around the country. We have a perfect record representing our clients cost segregation studies in the event of an audit.
Since 2002, we have completed over 15,000+ cost segregation studies on properties that are in cities and towns around the country. We have a perfect record representing our clients cost segregation studies in the event of an audit.
"The information contained this newsletter is meant for guidance purposes only and does not in any way constitute legal or tax advice. Readers should seek advice from their CPA or Accountant in relation to information contained in these articles."
