1031 Tax Deferred Exchange Services

Generally, when selling property, you must recognize  a gain or a loss in the transaction based upon a multitude of factors including, cost of purchase, improvements made during ownership and others.  If a gain (profit) is realized, it is most likely subject to capital gains tax.

Section 1031 of the Internal Revenue Code (IRC), provides an exception to that general rule.  At Capital Intermediary LLC, our focus is to help investors' complete 1031 Tax-Deferred exchanges, thereby delaying or eliminating the Capital Gains liability that would be due on a sale.  In effect, it is a way for  our clients  to receive an interest-free loan from the government. Instead of selling a property, paying taxes on any gain and taking what is left and reinvesting the proceeds into another property, the IRC section 1031 allows the deferment of capital gains tax, which would have been incurred upon the sale of the property for a profit.  This tax deferment increases the ability of the exchangor to reinvest their funds into like kind or similar properties of the same or greater value.

By completing an IRC 1031 Tax Deferred Exchange, you create leverage and leverage creates wealth.

No 1031 Exchange should be undertaken without the advice of an accountant or other financial expert.  Capital Intermediary acts only as an exchange agent and is prohibited from giving legal or tax advice.

For more information, please contact us.

Michael Naegeli in Hudson
518-828-4351
mnaegeli@smprtitle.com

Donna Redgrave in Saratoga
518-885-8700
dredgrave@smprtitle.com

Robert Sneeringer in Albany
518-434-0127
rsneeringer@smprtitle.com