Internal Revenue Code Section 1031 provides that no gain or loss will be recognized on the exchange of any type of business use or investment property for any other business use or investment property. 1031 Exchanges are typical sales and purchases of investment property that involve the same exact ingredients as any other sale or purchase, without the capital gains. The seller is simply avoiding the drain of taxes under Section 1031 regulations. No other aspects of the transaction are affected.

For tax related questions, please contact your tax accountant.

Austin Escrow and Title, LLC provides 1031 Exchange Intermediary Services.  If you would like more information regarding our fees or have questions regarding 1031 Exchanges, please contact us at 303-430-7777.