A tax-deferred exchange is one of the last remaining tax shelters for real estate investors. Under Section 1031 of the Internal Revenue Code, a taxpayer can avoid capital gains tax on the sale of real estate or other qualified property if the taxpayer exchanges into ‘like-kind’ property. A tax-deferred exchange is usually accomplished by a delayed exchange with the assistance of a qualified intermediary.
All of the exchanges that Partners Title, LLC is involved in are supervised by an attorney who is certified as a Real Property Specialist by the Minnesota State Bar Association.
For more information on tax-deferred exchanges, please call us at 651-209-8751 or toll free at 866-698-8955 or contact us online.