Connecticut 1031 Exchange Explained
Connecticut 1031 Exchange Explained
Internal Revenue Code allows a
connecticut property investor of investment
connecticut commercial property to exchange
connecticut commercial property and defer paying federal and state capital gain taxes (20%+ applicable state taxes) in the event that they purchase a like-kind connecticut commercial property. A tax-deferred exchange is a method by which a
connecticut property investor trades one or more relinquished
connecticut commercial properties for one or more replacement
connecticut commercial properties of like-kind, while deferring the payment of federal income taxes and some state taxes on the transaction. By deferring any applicable taxes, the
connecticut property investor has more money available to invest in other connecticut commercial property. In effect, you receive an interest free loan from the federal government in the amount you would have paid in taxes.
When combined with a
connecticut 1031 exchange,
TIC connecticut commercial properties can be even more attractive. Connecticut 1031 Exchanges allow you to defer capital gains taxes by investing in a like connecticut commercial property.
When using
TIC connecticut commercial properties with a
connecticut 1031 exchange, you can defer capital gains while diversifying your investments. You can purchase shares of various
TIC connecticut commercial properties in different locales with the proceeds of the 1031 sale.
If you are considering the sale of an investment connecticut commercial property, contact a specialist today to discuss your
connecticut 1031 exchange options.