The Ben-Moshe Brothers of Marcus & Millichap have extensive experience in guiding clients through the 1031 exchange acquisition process, identifying and ultimately finding a quality property to exchange into.
A 1031 Exchange represents a simple, strategic method for selling one qualifying property and the subsequent acquisition of another qualifying property within a short statutory time period. Because the entire 1031 exchange transaction is treated as an exchange and not a simple sale, the taxpayer is able to qualify for a deferred gain treatment. Because the 1031 exchange is treated as an exchange and not a sale, there are potential, significant tax benefits.
No gain or loss shall be recognized on the exchange of property held for productive use in a trade or business or for investment, if such property is exchanged solely for property of like-kind which is to be held either for productive use in a trade or business or for investment.
To be eligible for the favorable tax treatment afforded by an exchange, the property or business asset to be disposed of must have been held by the client for productive use in a trade or business, or for investment purposes, and be exchanged for like-kind replacement property that will be held by the client for similar purposes.
The regulations are strict and the market is short on supply, thus, in order to access the full potential of these benefits, it is crucial to have a comprehensive knowledge of the exchange process.
The Ben-Moshe Brothers of Marcus & Millichap have vast experience in guiding clients through the 1031 exchange acquisition process, identifying and ultimately in finding a quality property to exchange into.
First, our brokers will assist you with identifying like-kind Replacement Property in the time frame of 45 days from the close of escrow of the Relinquished Property. After closing on the Relinquished Property, our professionals will also assist you with the purchase the Replacement Property. Finally, we will help you smoothly execute your 1031 exchange.