1031 Exchange Transactions in Maricopa

Section 1031 may allow someone holding real estate for investment or business use to sell it, buy like-kind property with the proceeds and put off the tax that the gain would otherwise trigger. The timing leaves no slack. When the property you are leaving closes, a 45-day window opens for naming possible replacements in writing, and the purchase itself must be finished within 180 days. Real Estate Agent Maricopa takes care of the real estate parts. The property you are leaving is readied, priced and marketed with the same care as any listing, since a well-presented sale tends to close cleanly. When timing allows, the replacement hunt starts before the first sale records, so the identification window goes toward choosing rather than starting. Offers on the replacement lean on recent closings and are timed to finish inside the window. A qualified intermediary holds the money between the two transactions. Your tax advisor decides eligibility and explains the tax effect, since tax advice is outside our role. Rentals, ranch acreage and commercial buildings may all take part, depending on how you hold them.