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If you are considering a 1031 Exchange, turn to Phil Herman. Phil can explain to you all your options when considering this route with your investment property. It’s critical to have an informed professional helping you with this complicated process. Phil brings you the resources and knowledge to help you get the most out of the tax benefits and to help you avoid any potential pitfalls should you choose to go with a 1031 Exchange.
What is a 1031 Exchange?
A tax deferred exchange allows a property owner to “trade” his or her property for another property without having to pay federal income taxes on the transaction. This allows the property owner to “defer” the tax on any gain realized by the sale of the property until some time in the future (usually at the time of the sale of this new property). These benefits and allowances are a result of the Internal Revenue Code, Section 1031.
However, as an investor completing a 1031 Exchange, it’s critical to turn to a knowledgeable professional who can successful guide you through this complex process, and help you get the most of it, and more importantly, avoid any potential challenges. Phil Herman is that professional. Call Phil today to find out more about how he can help you facilitate a 1031 Exchange for you.
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