Can a property purchase help you reduce your tax bill? Sometimes it can! Many of our clients ask us about tax deferred exchange programs. Every case is different, your own accountant can always best advise you, but I have prepared a brief document you can access at the link below that may give you some answers.
Here’s the information: Tax Deferred Exchanges: Basic Test
By no means is this a substitute for professional accounting advice, but I hope it will guide you toward asking the right questions. If you do choose to execute a 1031 exchange, we will be happy to provide a list of qualified intermediaries.