Infinity Services

1031 EXCHANGE

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What is a 1031 Exchange? A 1031 exchange is a way to defer investment gains taxes when selling a business or investor property. There are several legal protocols one must follow in this type of complex transaction. Let Infinity Abstract & Title properly and efficiently handle your investments with our expert real estate attorneys and title team. Each team member caters to its client’s property needs to meet the requirements for a 1031 in the entire state of Florida. The IRS allows certain postponements and rules, which are public knowledge. Some of the rules include that: properties must be of similar purposes; properties do not have to be the same quality; real estate in the U.S. has different standards to real estate outside the U.S.; and stocks, bonds, inventory of such are excluded from eligibility of a 1031 exchange. For more information visit: irs.gov Rules may be complex but with our trusted attorneys and staff we are here to answer your questions and assist with your investments. For more information regarding 1031 exchange contact a representative today at 813-931-0840.

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