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trucks oil gas heavy construction equipment autos land 1031 exchange eligible

Internal Revenue Code Section 1031 allows taxpayers to defer federal income taxes on an exchange of like-kind properties held for business or investment purposes.

“No gain or loss shall be recognized on the exchange 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.”

— IRC §1031(a)(1)

Accruit Facilitates All Types of 1031 Like-Kind Exchange Services

  • Real Estate Exchanges – Forward, Reverse, Improvement and Build-to-Suit Exchanges of real property.
  • Personal Property Exchanges – Forward and Reverse Exchanges of Personal Property including business assets, oil and gas, aircraft, collectibles, franchises and more.
  • Like-Kind Exchange Programs – Exchanges for businesses with extensive asset portfolios that dispose of assets on a routine basis at a gain.

Is a 1031 Exchange Right For You?  Download Our 1031 Benefit Calculator.

 

 

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