IRC Section 1031 (a)(1) states:
“No gain or loss shall be recognized on the exchange of real property held for productive use in a trade or business or for investment, if such real property is exchanged solely for real property of like-kind which is to be held either for productive use in a trade or business or for investment.”
In order to understand the full potential of these benefits, it is important to have a comprehensive knowledge of the exchange process and the Section 1031 code.
An accurate understanding of the key term “like-kind” – often mistakenly thought to mean the same exact types of property – can reveal possibilities that might have been dismissed or overlooked.
There are many other details that must be considered and rules to abide by when completing a 1031 exchange real estate transaction. To help our customers understand the complexities of this process, we’re hosting a one-hour seminar presented by Greg Lehrman with Asset Preservation, a subsidiary of Stewart Title. Asset Preservation, a 1031 exchange qualified intermediary and has helped thousands of investors achieve their financial goals by using this tool.
Register today for this upcoming webinar.
REGISTER TODAY FOR THIS FREE LIVE WEBINAR
When: Friday, March 26th from 1:00 to 2:00 p.m., CDT
After registering, a ZOOM link will be emailed to you 24 hours prior to the event start date.