Montana Qualified Intermediary 1031 Property Exchange Offers Real EstateConsultation

1031 Property Exchange has been in business for 2 decades and has performed hundreds of 1031 exchanges all around the United States.  This Montana qualified intermediary has additionally provided 1031 exchange continuing education classes to real estate agents throughout Montana and Wyoming.

"Exchanges are complicated financial transactions that induce investors to adhere to a complex set of rules in order to not cover any Federal capital profits, State capital gains, ACA and depreciation recapture taxes", says Rusty Squire, Qualified Intermediary.  He adds,"You're basically structuring a financial transaction following Internal Revenue Code guidelines in order to qualify the transaction for no taxation".

He adds,"Upon the death of the proprietor the heirs get a step up in cost basis to the date of death, or six months after the date of departure, and so long as the entire estate doesn't exceed 11.18 million subsequently your heirs wind up paying no more tax".

"1031 exchange is one of the most significant and most tax advantaged wealth building approaches available to real estate investors", says Squire.  He adds,"There are cases where larger landowners with a primary home can separate their land through a procedure called bifurcation and qualify for both the primary home exemption and 1031 exchange".

"There is a great deal of flexibility inside exchanges but the key is that sellers need to replace equivalent quantities of both debt and equity in replacment property in order to have a completely tax-deferred exchange", says Squire.  He adds,"Exchangors should also take advantage of a skilled intermeidary who does not behave in any other type of advisory capacity to the client, in other words, it can't be your attorney, accountant, realtor or another sort of advisor".

"The other important aspect is the exchangor canhave no constructive receipt, -i.e. control, over their trade profits during the exchange meaning they must use a qualified escrow", says Squire.  

"So many real estate agents, accountants and other advisors often confuse customers over exchanges because they do not understand the rules well", says Squire.  He adds,"The expression like-kind property is just one such example and all this signifies is that you must exchange from real estate to property provided that the real estate is held for business or investment purposes".

"1031 exchanges can also be used for business equipment, airplanes and vehicle fleets", says Squire.  He adds,"Many companies aren't aware of this great tax saving approach".

If you would like some help reviewing your prospective 1031 exchange transactions then only call Rusty Squire at 1031 Property Exchange in 406-425-2742. This Montana 1031 exchange firm has performed exchanges for two decades.