- Safe Harbor Exchange Company
Selling investment property does not have to include disadvantageous tax consequences, as long as the sale is structured as a 1031 Exchange. As Qualified Intermediary for your 1031 Exchange, or "Starker Exchange", Safe Harbor Exchange acts as exchange accommodator to effect your safe 1031 Exchange, with the help of our in-house CPAs.
- IRS Link to 1031 Exchange Info
Generally, if you exchange business or investment property solely for business or investment property of a like-kind, no gain or loss is recognized under Internal Revenue Code Section 1031. If, as part of the exchange, you also receive other (not like-kind) property or money, gain is recognized to the extent of the other property and money received, but a loss is not recognized...
- National Association of Realtors Guide to 1031 exchanges
Section 1031 of the U.S. Internal Revenue Code allows investors to defer capital gains taxes on the exchange of like-kind properties. 1031, or tax-deferred, exchanges hold great advantages for both investors and REALTORS®.