The Section 1031 Exchange has become the tool of choice for property owners who wish to defer taxes when property is sold. Code Section 1031 allows property to be sold while maximizing profit and preserving net worth. Professionals, such as attorneys, accountants, financial advisors, and real estate professionals, should understand the benefits Code Section 1031 of the Internal Revenue Code will provide as a value-added service to their clients. Although Code Section 1031 is a complicated statute (the intricacies of which should be left to a competent tax advisor), a basic understanding of its general principles is very important to every property owner.

National Exchange Services cannot provide advice regarding specific tax consequences. Investors considering an IRC §1031 tax deferred exchange should seek the counsel of their accountant and attorney to obtain professional and legal advice. © 2010 National Exchange Services.