1031 Exchange – Preserve the Value of Your Investment
A 1031 exchange provides investors with one of the best strategies for preserving the value of an investment portfolio. By using an exchange, the investor is able to defer the recognition of capital gains taxes that would otherwise be incurred on the sale of investment property or property used in a trade or business.
Contrary to the commonly held misconception that exchanged properties must be of the exact same type – for example, that bare land must be exchanged for bare land or an income property must be exchanged for another income property – the actual definition of “like-kind” is far more empowering in its flexibility. Any real property used in a trade or business, or held for investment can be exchanged for any other real property held for investment or used in a trade or business.
A Division of Title Resources, LLC
TREXCO is owned and operated by Title Resources, LLC. Founded in 1989, Title Resources is a locally owned title company with the largest fully trained professional staff in the city of Denton. Nine experienced, personable escrow officers apply their expertise to make your real estate closings smoother and enjoyable.Visit Title Resources