At Doyle Real Estate in Cullman, AL, we believe that selling property shouldn’t cost you a fortune in capital gains taxes. A 1031 exchange, also known as a tax-deferred exchange, is a strategy we employ for selling one qualified property and then using the proceeds to acquire another qualified property without immediately incurring a capital gains tax liability.
1031 exchanges allow investors to defer the tax on real estate-related capital gains until sometime in the future. When used correctly, a 1031 exchange can be a highly effective wealth-building tool, allowing you to re-invest your hard-earned equity now – when you need it.
If you need help with a 1031 exchange, let the real estate team at Doyle Real Estate in Cullman, AL help. We have the knowledge to guide you through the complex and confusing regulations surrounding 1031 exchanges while working to ensure that your investments and your best interests are protected. Call us today for more information or to schedule your one-on-one meeting.