When you buy or sell a business or investment assets saving money is never a bad option, but not everyone knows how to make that possible. Using a 1031 exchange allows you to defer capital gains tax on business or investment property. Watch the video below to see the benefits of a 1031 Exchange.
This option is often overlooked. IRC section 1031 allows for this type of transaction to occur on a like-kind exchange of equal or greater value within 180 days of the sale. During those 180 days, the money will be held by a Qualified Intermediary, also known as a QI.
NES Financial has established the most rigorous industry standards in voluntary compliance, allowing it to be the nation’s leading provider of secure, transparent and complaint financial administration. NES Financial has worked on 1031 exchange solutions for Fortune 500 companies, law firms and financial institutions.
If you like this post, get more information on NES Financial’s 1031 exchange solutions by downloading our 1031 exchange kit.