Rule 1031 of the Internal Revenue Service tax code provides for the mitigation
or minimization of tax liabilities on the sale of certain types of properties
if they are exchanged for qualifying properties within a prescribed time period.
The code also allows for a "reverse" exchange in the event the qualifying
property is acquired prior to the disposition of the original property.
Critical elements of a 1031 transaction include:
1031 Exchange Experts
1031 exchanges are complicated real estate transactions requiring experience
and expertise. Failure to properly comply with the rules can result in serious
tax consequences. With over eight years of experience in this area and over
21 transactions under our belt, we are truly 1031 experts.
Let Bitzer educate you about this advantageous real estate option, and allow
us to guide you seamlessly through the process.