During a time when most tax shelters have been abolished luckily one still remains. It is the tax deferred exchange. An exchanger continues his/her investment by selling one piece of property, which is the relinquished property /first leg, and then uses the proceeds to purchase a second property, which is the replacement property /second leg. Under Internal Revenue Code § 1031 the Exchanger may defer the gain realized by reinvesting in a similar “like-kind” property. In this way the taxpayer is able to reinvest 100% of the sales proceeds without paying any capital gains tax.
Once an Exchanger has transferred the relinquished property several requirements must be satisfied to qualify as a tax deferred exchange under §1031. The taxpayer must identify a like-kind replacement property within 45 days from the first closing and close on the replacement property(S) within 180 days of the closing of the relinquished property.
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11225 W. Bernardo Ct.
Suite 102
San Diego, CA 92127
DBO License:
#963-2606
Main Phone:
858-217-5264
Main Fax:
858-487-0775
3465 Camino Del Rio S
Suite 200
San Diego, CA. 92108
DBO License:
#96DBO-35652
Main Phone:
619-677-1475
Main Fax:
619-281-1895
940 Canterbury Pl.
Suite 200
Escondido, CA 92025
DBO License: #96DBO-45860
Main Phone:
760-466-7244
Main Fax:
760-915-1022
2690 Via De La Valle
Suite D260
Del Mar, CA 92014
DBO License:
#96DBO-45861
Main Phone:
858-324-1700
Main Fax:
858-324-1707
29165 Cole Grade Rd.
Valley Center, CA 92082
DBO License:
#96DBO-102241
Main Phone:
760-701-3201
Main Fax:
760-546-5741
1236 Main St.
Suite 3
Ramona CA 92065
DBO License:
#96DBO-102240
Main Phone:
760-701-3200
Main Fax:
760-546-5740
8697 La Mesa Blvd.
Ste. D
La Mesa CA 91942
DBO License:
#96DBO-45859
Main Phone:
619-467-4110
Main Fax:
619-259-6769