Tired of buying property and then paying capital gains on your profits?
Section 1031 of the Internal Revenue Code provides a huge tax benefit to sellers and brokers of investment real estate. It allows a taxpayer to defer capital gains on the sale of property and use all funds generated to purchase replacement investment property. The section allows taxpayers to diversify investments, change locations, defer taxes and improve revenue. For brokers, section 1031 provides an opportunity to increase commission revenue.
Ten Thirty One Exchange Corp of Santa Fe has been working as a qualified intermediary for tax deferred exchanges for thirty years. John Fox, the president of the company, will speak about the benefits and processes to complete a tax deferred exchange and answer questions about the rules and the process.