1031 Like-Kind Exchanges

1031 is a section of the federal tax code which permits the sale of real property without recognition of gain on the sale, so long as a replacement property is purchased within specified time limits.  Such transactions can be fairly straightforward or highly complex, depending on the circumstances of the particular transaction.  We have assisted with hundreds of exchanges, both as counsel for parties and, through separate companies, as a qualified intermediary to facilitate such exchanges.