Avoid Paying Gains Tax with a 1031 Exchange.
Washington property owners can pay up to 28.8% in taxes from the sale of investment property. By performing an IRC 1031 Exchange, you can defer, reduce, and even eliminate paying these taxes.
If you have plans to sell your highly appreciated investment property and would like to learn more about tax-deferred 1031 Exchanges, you’re at the right place. We make it easy to learn about 1031 Exchanges and offer complimentary consultations to RHAWA members.
If you have any questions or would like to speak with one of our licensed 1031 Exchange Advisors regarding your options, simply give us a call at 206-502-4862 or send us an email at email@example.com.
Internal Revenue Code section 1031, which establishes the transaction structure referred to as a 1031 Exchange, is one of the most advantageous sections of the US tax code. A 1031 Exchange allows for the deferral of taxes when investment property is sold in conjunction with the purchase of another replacement property. The tax savings alone is reason enough to justify a 1031 Exchange — but there are secondary benefits that can often be even more valuable.
As a wealth-building tool, a 1031 Exchange gives investors access to a property’s appreciation to increase buying power without a tax penalty. Armed with more buying power, investors can purchase quality assets, expand their portfolio, diversify into new property types, and even adopt a new ownership strategy.