Let Perch Wealth assist you as you pre-plan your 1031 tax deferred exchange.
Perch has integrated the latest, state of the art facilitation into our 1031 process.
Once you're 1031 is complete, remember to report the exchange with your tax return.
The Internal revenue Services allows an investment property owner to exchange one like kind property for another on a tax deferred basis. However, in order to qualify your exchange you must follow a few simple rules to ensure your exchange is both tax deferred and compliant pursuant to Internal Revenue Code 1031.
The video at right explains those rules.
Speak with an expert first to ensure your trasnaction is compliant and will meet your tax deferral goals.
Select a Qualified Intermediary and have exchange documents and 1031 trust account prepared prior to closing.
Remember that you must identify candidate replacement properties within 45 days of your relinquished property closing.
Close on all replacement proeprty within 180 days and then report the exchange on your tax return on IRS Form 8824.
We've curated a unique set of analytical and replacment property comparison tools to assist you as you plan your overall exchange and anticipate the individual transfers.
As the preferred Qualified Intermediary partner of Perch Wealth, our goal is not to make you a 1031 exchange expert. Rather, we want to become the 1031 expert on your team; supporting your efforts and assisting with your 1031 planning and questions as you strat your exchange.
