Welcome to the wonderful world of IRC Section 1031 Exchanges. This is an excellent tax and financial tool that allows real estate investors to maximize their investment. This strategy is available to ALL owners of real estate, not just for the wealthy. A tax-deferred exchange is quite affordable, although it is very technical and requires expert knowledge to navigate the many requirements. One missed step will cause the exchange to fail and all taxes become due at once.
Petkovsek & Moran is very well versed in using this tool and has assisted investors, Realtors, developers, accountants, attorneys, title companies and others on more than 300 exchanges.
For more information, please contact Ray Petkovsek, CPA
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Give us a call. Petkovsek & Moran, LLP can help you through the IRC 1031 maze.