1031 Land Exchange
If you have ever dealt in real property, (homes, land, commercial property, etc.) you have likely heard of capital gains taxes. Capital gains taxes can be labeled either short or long-term and can cost up to 37% for the country’s richest citizens. These pesky taxes can cost you thousands when selling your property, but there is a way around it: the 1031 Exchange.
What is a 1031 Exchange?
A 1031 exchange, is when you swap one property for another, thus deferring your taxes and keeping more money in your wallet. The properties must be considered “like-kind” by the IRS, and be used for business or investment purposes – personal residences do not qualify. When done correctly, there is no limit to how many times you can use a 1031 exchange, thus deferring taxes for years to come.
Who Can Benefit from a 1031 Exchange
Anyone selling real estate in which capital gains taxes will be a factor. And the good news is that the IRS has a broad classification for like-kind property. You can sell a shopping center and buy an apartment building. You can sell your industrial building and reinvest in a multi-family property. Or you can sell your underperforming rental property, and instead, invest in low-maintenance land.
How to Make a 1031 Exchange Work for You
Before making a 1031 exchange in Kentucky, you’ll want to be sure you understand the latest rule changes and tax codes. When done correctly, it is a savvy way to build wealth using a tax-deferred strategy. Be sure to make your exchange in the allotted time frame and that your replacement property qualifies.
How Land Investment Aids in a 1031 Exchange
Investing in land for sale in Kentucky Kentucky is a great way to avoid capital gains taxes.
Instead of simply find a lot and purchasing, KW Land Team can help you find a property that is poised to appreciate over time. Instead of doing all of the leg work yourself, KW Land Team can help you find the property that will be a positive addition to your portfolio.
At KW Land Team, we have become the experts in land investments throughout Kentucky. In addition, land landowners also come to us because they want to sell their land quickly. With our reputation among Kentucky land sellers, we are privy to new land investment opportunities all of the time.
Enter your information in the short info form below and we’ll give you access to our list of hundreds of land investments right here in Kentucky Kentucky. We can help you find the right land investment while helping you to defer taxes, and save thousands of dollars on the sale. Before you sell your property or make an addition to your portfolio, reach out to find out how our team can help you with a 1031 exchange! (270) 791-2538
If you want to invest in raw land, lots, vacant land, and empty land to help facilitate your 1031 exchange, our team can help. We can help you find cropland, timberland, hunting land, recreational land, land for development, and land for your retirement – all right here in the Kentucky area.
Fill out the form above and we’ll share our large, constantly updated list of land investment opportunities with you right away. We are certain you will find something that meets your criteria. And if not, we will help you find what you are looking for.
Reach Out To Us Directly At: (270) 791-2538
To learn more about what a 1031 Exchange entails, reach out to our team at (270) 791-2538!