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SoCal's 1031 Exchange Experts
The industry term 1031 exchange comes form the IRS code Section 1031. 1031 exchange allows investors to exchange from one investment property into another while differing payment of capital gains taxes.
UNDERSTANDING IRS SECTION 1031
1031 Exchange
In its simplicity, a 1031 Exchange is the swap of one investment property into another like-kind property in order to defer the capital gains tax payment. There is no limit on how many times you can conduct a 1031 Exchange. This allows investors to grow their portfolios while deferring tax payments until the sale for cash.
SELL PROPERTY
SoCal Coastal Capital has helped multiple investors acquire top market price for their properties.
IDENTIFY NEW PROPERTY
Identify the replacement property within the limited time allowed.
PURCHASE
SoCal Coastal Capital is the market expert in navigating the 1031 exchange process to a successful closing.
REPORT
Notify your CPA or tax advisor to report exchange.
What is SEction 1031
What Is A 1031 Exchange?
If you own an investment property and have thought about selling, you should consider the benefits of a 1031 Exchange.
A 1031 Exchange is part of IRS Code Section 1031, which allows investors to defer capital gains tax payment. This is only allowed if the investor reinvests into another like-kind investment property.
In order to conduct a 1031 Exchange, there are certain rules that must be followed. Investors must reinvest into like-kind property that is equal or greater in value.
The exchange process begins the day you sale your property. There are two important timelines. The first timeline is that the investor has 45 days to identify a property from day of sale. The second timeline is that you must close on the new property within 180 days.
It is imperative to notify your CPA or tax advisor before and after the transaction
A 1031 Exchange is a great tool for many investors, click below to talk to one of our advisors.
Why Choose Us
SoCal Coastal Capital’s experience, market knowledge, and drive is why many investors have trust us with their investment goals.