1031 Exchanges

Navigate Your 1031 Exchange With Confidence

A 1031 exchange can allow property owners to defer certain taxes when selling qualifying real estate and reinvesting the proceeds into other qualifying property. However, strict requirements and deadlines must be followed for an exchange to qualify.

Austin Law helps clients navigate the 1031 exchange process from beginning to end, providing knowledgeable guidance and qualified intermediary services for real estate transactions throughout Eastern South Dakota.

How a 1031 Exchange Works

Under Section 1031 of the Internal Revenue Code, qualifying real property held for investment or business purposes may be exchanged for other qualifying real property while deferring certain taxes that would otherwise be due upon the sale.

A properly structured exchange may defer taxes including:

• Federal and state capital gains taxes
• Depreciation recapture
• Net investment income tax

Because 1031 exchanges involve specific rules, documentation, and deadlines, it is important to structure the transaction correctly from the outset.

Local Experience. Straightforward Guidance.

Real estate transactions can move quickly, and the timing requirements of a 1031 exchange leave little room for error. Austin Law provides clients with accessible, knowledgeable guidance throughout the process while serving as a qualified intermediary familiar with the local real estate market.

Planning a 1031 Exchange?

Whether you're preparing to sell investment property, have identified a replacement property, or simply want to understand your options, contact Austin Law before completing the transaction.

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