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1031 Exchanges

ADF Capital often works with investors participating in 1031 exchanges and has a proven track record of assisting investors in a manner that best suits their unique needs. A 1031 Exchange, according to Provision 1031 of the U.S. Income Tax Code, allows owners of investment property to sell that property and defer capital gains taxes by exchanging the proceeds, through a Qualified Intermediary, for an investment in another like-kind property(s).

Sellers have a maximum of 180 calendar days from the closing of the initial sale to complete the exchange. Within the first 45 days of this period a seller must designate candidate properties. A seller may identify up to three properties regardless of value, or any number of properties with a combined value that does not exceed 200 percent of the value of the initial property sale. If no new properties are identified in the first 45 days, or no designated transaction is completed during the 180 day period, the Exchange account will be disbursed and the proceeds will be returned to the investor.

 

Interested in An Exchange?