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Cincinnati Office PHONE: 513-412-3481
TOLL FREE: 800-427-7212
FAX: 513-412-3482
Providence Office PHONE: 401-421-3763
TOLL FREE: 877-395-1031
FAX: 401-453-5847

 
 
 

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STRATEGIC TAX SERVICES


Delayed Exchange

1031 Exchange Services

Delayed Exchange

Also referred to as a Forward Exchange, a Delayed Exchange involves the sale of one or more pieces of property, the proceeds of which are held by a Qualified Intermediary, and the Seller identifies one or more replacement propertyies within 45 days and completes the purchase of the replacement propertyies within 180 days after the initial sale. As long as the requirements are met, the client may defer income taxes on the gain from the sale of the property. Gain is computed as follows: Sale price less Original purchase price reduced by Depreciation taken. The client must acquire one or more properties whose purchase price are equal to or more than the sales price of the property sold.

Why would I need a Delayed Exchange?

A Section 1031 Exchange is one of the oldest methods to reduce or eliminate current taxes in the year of sale. If you are willing and able to purchase similar assets as were sold, then you are well on your way to eliminating income taxes on the gain from the sale of assets. However, like all areas of tax law, there are lots of confusing rules which must be sorted through to avoid being taxed on the Exchange. Countless numbers of experienced lawyers and accountants make inadvertent mistakes every year which cost their clients dearly. So when it comes to 1031 Exchanges, count on our tax guarantee!

Things You Should Know

When we handle your 1031 Exchange, count on the following:

  1. No matter the size or complexity, our Board certified tax attorney can guide you through the process.
  2. We guarantee that our exchanges are correct and comply with the tax laws (you will not be subject to penalties or interest; we will reimburse any mistake or error we make).
  3. Your proceeds are safeguarded in a password protected bank account.
  4. We return all calls and emails promptly.
  5. We make sure all your questions are answered no matter how much time is involved.

Is This Exchange Right For Me?

Be assured that we will take the time to discuss all available exchange and tax deferral options, and whether or not a 1031 Exchange is a right fit for you. We do not charge for our Exchange Consultations. If you are willing to acquire assets that are similar to what you sold, then you are on the right track to a 1031 Exchange.

How To Get Started

Call at 1-800-427-7212 and let our Exchange coordinators discuss your potential 1031 Exchange. If you have your sale and/or purchase information handy, we can sketch out possible exchange options for you.

 
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