1031 Tax-Deferred Exchanges

1031 Tax Exchange - TIC Agreements - Deferment of Capital Gains

In recent years, particularly in rising markets, many real estate investors have found it necessary when liquidating an investment interest to use Section 1031 like-kind exchanges to shelter capital gains and avoid or defer depreciation recapture. At Olson & Good, our real estate attorneys can help you understand this advantage and help ensure the reinvestment is completed properly. 

To qualify for Section 1031 treatment of the gain from the sale of your investment real estate, the proceeds of the sale of the investment property must be reinvested in a qualifying replacement property within a limited period of time.

Contact Olson & Good for advice from an experienced South Carolina attorney about how this important reinvestment strategy can work for you.

Lawyers with Full Understanding of the 1031 Tax Exchange

An exchanger's failure to fully satisfy the 1031 like-kind exchange requirements can ruin any intention to shelter the proceeds of a prior sale from immediate tax liability. Our Charleston real estate attorneys can advise you on all aspects of 1031 like-kind exchanges so that you can avoid a taxable event by means of a timely and fully qualifying exchange with sound investment values.

The law office of Olson & Good can assist you with all matters related to the 1031 tax exchange process, such as:

• Sole Owner Exchanges
• TIC Exchanges
• Reverse Exchanges
• Identifying Replacement Properties
• Qualified Intermediaries
• LLC Formation for Tenants in Common
• Due Diligence
• Exchange Closing

If you need tax or real estate advice concerning the need to shelter capital gains from the sale of a South Carolina real property investment, our attorneys can help you make the right decisions. Because the 1031 tax exchange deadlines can be tight, contact Olson & Good as soon as possible to discuss your like-kind exchange questions and tax deferred benefits.

Additionally, our firm works closely with a Certified Exchange Specialist® and Qualified Intermediary, and we are ready to accommodate your exchange or talk with you about whether a tax deferred 1031 exchange makes sense for you.