Considering a 1031 Exchange?
Washington property owners can pay up to 28.8% in taxes on the sale of their investment property. With a 1031 Exchange, you can defer, reduce, and even eliminate paying taxes.
A 1031 Exchange allows real estate investors to defer capital gains tax on the proceeds of a recently sold investment property by reinvesting the proceeds into another like-kind property of equal or greater value. The transaction gets its name from Section 1031 of the U.S. Internal Revenue Code.
If you own investment property and would like to discuss your tax-deferred 1031 Exchange options, contact us to schedule a complimentary consultation. For over 20 years, Real Estate Transition Solutions has helped Washington state investment property owners with 1031 Exchanges, Delaware Statutory Trusts, complex real estate investments, securitized real estate, and tax planning strategies.
Our team of licensed 1031 Exchange advisors in Seattle will help you identify, select, and acquire suitable 1031 Exchange properties that meet both your financial and lifestyle objectives.