IRS Code Section 1031 may enable you to defer recognition of capital gain liabilities from the sale of real estate or other assets, when the proceeds are used to acquire replacement like-kind exchanges. Please refer to a tax expert regarding your qualifications under this section of the code. We’ll help you sell one asset and procure a like-kind asset in its place.
At McDonnell Coates, LLP, we can help you defer recognition of capital gain liabilities when you sell your assets and use the proceeds to acquire replacement like-kind assets. Our experienced staff, along with our standard agreement ensures your transaction is processed accurately and efficiently.
We have the experience and flexibility to act as an agent in like-kind exchange transactions. We serve as a qualified intermediary and hold funds until the exchange is completed.