A successful 1031 exchange requires the expertise of a number of financial professionals in order to guarantee it meets the specific guidelines set forth by the IRS. Failure to follow these guidelines could jeopardize the tax deferral advantages of your exchange.
Depending upon what types of property or investments you are exchanging, your exchange will require the assistance of at least some of the following professionals:
A 1031 exchange accommodator A residential or commercial lender A Tenant’s in Common (TIC) expert A residential or commercial real estate agent A Certified Public Accountant A Trust or Estate Attorney A residential or commercial appraiser
By utilizing the Expert Exchange Alliance, you will increase your knowledge and options, and you will have access to proven professionals within the 1031 exchange community.
The financial and legal professionals referred to in the Exchange Expert Alliance, are independent of Sapphire Capital Strategies, Inc. (SCS), and SCS Inc. does not warrant or guarantee their tax or legal advice. Please consult with your own tax or legal professional should you need further advice or consultation.
The 1031 Educator
The 1031 Exchange Educator is a series of articles, written by industry experts, covering areas specific to your type of exchange. These articles will expand your knowledge of exchanges so that you better understand the benefits and strategies of the 1031 exchange program.
If you would like more information, or if you would like to enroll in The 1031 Exchange Gameplan, please call or e-mail us at info@sapphirecapitalstrategies.com.