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 Don't Pay Tax on the Gain of Your Sale of Investment Property
Through our 1031 exchange real estate services, Peggy Ann Fairleigh, The Fairleigh Team helps investors locate 1031 exchange properties and prime investment property in Louisville . We understand the time constraints associated with identifying 1031 exchange real estate and we are pleased to help our buyers find replacement investment properties quickly. With a solid track record in both residiencia (single family and mulit-family) and small commercial real estate properties across the Jefferon, Oldham and Bullitt county, we have assisted national and international investors with their real estate investment needs.
To discuss replacement properties that are currently available, contact us with your 1031 exchange requirements. Also, we can provide details on listings found in the Louisville MLS .
1031 Exchange Real Estate Basics
A 1031 exchange refers to Section 1031 of the IRS code which addresses the exchange of real property held for productive use or investment.
No gain or loss shall be recognized on the exchange of property held for productive use in a trade or business or for investment if such property is exchanged solely for property of like kind which is to be held either for productive use in a trade or business or for investment.
- Section 1031(a)(1) IRS Code
In a typical sale of investment or commercial property, the owner can be taxed on any capital gains realized by the sale. However, the 1031 exchange allows an investor to defer payment of capital gains tax by disposing of one investment property and exchanging into another without incurring immediate tax liability. Thus, the earning power of the tax deferred dollars continues to work for the investor through the new investment property.
The 103 1 exchange offers more than favorable tax benefits. It can also be used as a means of strategic investment planning. The smart investor can use a 1031 exchange to reach beyond tax deferment and fulfill a broader financial strategy. For instance, an investor might exchange into a property with a superior location, easier management, or improved cash flow.
The 1031 exchange is an excellent tool for any investor seeking to preserve, create and build wealth through investment real estate. To learn more about 1031 exchange, refer to Section 1031 of the IRS Code.
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The Peggy Ann Fairleigh Realtor Team has a selection of luxury homes, townhomes and spacious condos all across Louisville, St Matthews, Jeffersontown, and East Louisville. We routinely purchase and sell estate homes, downtown Louisville condos lofts and Jefferson County, Oldham County real estate. We are Lousiville's best Realtors working for you. Whether you are buying your first condo in downtown Lousiville or you are selling an estate home in Prospect, our team of Realtors will exceed your expectations. As your full-service real estate concierge, you are able to sit back, relax, and let us take care of your every need. |
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You can search our Louisville MLS search to view all homes, condos and land for sale in the area. This search is updated daily with all new listings. This is a great way to learn the Louisville, Kentucky real estate market. Please let us know if you are looking for a Louisville Realtors.
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