Thanks to the IRC
#1031, a property structured exchange allows an investor to sell a
property, to reinvest the proceeds in a new property and to defer all
capital gain taxes. IRC # 1031 (a) (1) states:
“No gain or loss shall be recognized of
property held for productive use in a trade or business or for
investment, if such property is exchanged solely for property of
like-kind which is to be held either for productive use in a trade
or business or for investment.”
Let Commercial Coastal Maine,
LLC assist you in taking the necessary but simple steps required in a
#1031 Tax Deferred Exchange. Commercial Coastal Maine, LLC can help
you identify replacement properties and suggest a “qualified
intermediary” to complete the process. Through a #1031 Tax Deferred
Exchange, Commercial Coastal Maine, LLC can protect our assets and
increase your wealth. The shorefront properties of Maine have a
history of increasing in value and offering an excellent opportunity
for #1031 investments. Let Commercial Coastal Maine, LLC work for your
asset preservation and growth via #1031 Tax Deferred Exchanges and
investment properties along the great coast of Maine.
