Eastern Equity Exchange Corp. acts as a Qualified Intermediary as defined under IRC Section 1031 with substantial experience handling 1031 tax deferred exchanges. We facilitate both real and personal property exchanges exchanges nationally.
The Internal Revenue Code Section 1031 exchange of like kind property provides the potential for substantial tax savings. No other similar vehicle for tax deferral on real estate remains in today's market place.
A 1031 tax deferred exchange is the method by which a taxpayer who owns property which has been held for investment or in connection with a trade or business can exchange the property for like kind property which will be ehld for investment or in connection with a trade or business and defer paying taxes on some or all of the federal capital gains. For investments held by individuals, the deferral can continue through any number of exchanges until the tax liability is extinguished by death.
The 1031 tax deferred exchange is a powerful tool. Eastern Equity Exchange Corp. can assist you in completing a 1031 exchange which will enable you to use more of your equity to acquire investment property. Long favored for estate planning, and exchange can be employed to leverage, consolidate or diversify assets.