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The Membrane Domain

1031 CORP. CAN SHOW YOU THE WAY TO TAX SAVINGS

Do you want to sell an investment property and not have to pay capital gain tax? Would you like to reinvest with pre-tax dollars? Well, you can!

WHAT IS A 1031 EXCHANGE?

Internal Revenue Code Section 1031 enables a taxpayer to defer gain on the sale of a business use or investment property, provided that he reinvests in another business use or investment property. Although there are requirements, an exchange is much like a typical sale and purchase transaction. This last remaining real estate tax shelter enables the astute investor to reinvest all net sale proceeds. This wealth accumulation concept is similar to what a repeat home buyer does under a Section 1034 rollover.

Investors can do more than one exchange to create a pyramid of wealth effect. The basis on your replacement property is lowered by the amount deferred. This tax liability is forgiven upon death as your heirs receive a stepped up basis on the inherited property. Therefore, you can not only defer but totally eliminate the gain.

To defer all capital gains, you must acquire a replacement (new) property with equal or greater property value to that of the relinquished (selling) property. You must also reinvest all net equity.

for information

Contact us by form

1031help@1031corp.com

or

call MARGO MUCHA or CHERYL FAGAN at 1-800-828-1031.

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