When you sell property typically you are required to pay capital gains taxes on the net proceeds. This can be a heavy tax burden for real estate investors. Thankfully, a 1031 exchange can help you avoid these taxes by deferring your gains and re-investing that money into new property.
Wisconsin 1031 Exchange Services
There are several rules and deadlines you have to follow in order to execute a 1031 exchange. First of all, your replacement property and your relinquished property need to be like-kind to one another. Second, you need to abide by the following 1031 exchange deadlines:
If you are looking to sell your property in Wisconsin and want to avoid hefty capital gains taxes, consider a 1031 like-kind exchange. A Wisconsin qualified intermediary can walk you through the 1031 exchange process and make sure you have all of your bases covered for a successful 1031 exchange. Call us today to discuss the specifics of your 1031 exchange – 877.373.1031.