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Jeff Peterson 1031

Jeff Peterson - 1031 Exchange Qualified Intermediary

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1031 Exchange Benefits

Section 1031 of the Internal Revenue Code offers investors a way to defer their capital gains and keep reinvesting their money over time. While that may sound simple, there are many regulations that govern these exchanges. Here are a few of the most important points.

Like Kind Property

When it comes to 1031 exchanges, the first thing you need to consider is whether or not the property you are selling and the property you are acquiring are like kind.

This video gives a simple explanation of like kind property as it relates to 1031 exchanges:

1031 Timeline

Next you need to know about the deadlines that exist for 1031 exchanges. All 1031s need to abide by the 45 day / 180 day timeline. After the sale of your relinquished property, you have 45 days to identify your replacement property. You have 180 total to complete your exchange.

If you have any questions about your 1031 exchange, or would like to set one up, don’t hesitate to give me a call at – 612.643.1031.

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Phone 612.643.1031
Toll Free 877.373.1031
Fax 877.779.7427
 

cpec1031

Jeff Peterson is a qualified intermediary who helps people with their 1031 exchanges in the following areas: Minnesota, Minneapolis / St. Paul, Bemidji, Duluth, Mankato, Rochester, St. Cloud North Dakota, Fargo, Grand Forks, Kansas, New Orleans, San Diego, and Texas.

Commercial Partners Exchange Company, LLC
200 S 6th St, Suite 1300
Minneapolis, MN 55402
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