What is a 1031 Like-Kind Exchange?

1031 exchanges, also called like-kind exchanges, LKEs or tax deferred exchanges, were first authorized in 1921 when Congress recognized the importance of encouraging reinvestment in business assets. Today, companies use 1031 like-kind exchanges to increase cash flow by deferring taxes on gains realized through the sale of business assets, as long as they reinvest those gains in replacement assets. Watch this 2-minute video to learn more:

With Accruit's help, a 1031 exchange can be made uncomplicated, whether you are selling one asset or thousands. Call us at (866) 397-1031 or contact us here for a free consultation. Or download Our 1031 Benefit Calculator to quickly determine how much money you can save with a 1031 exchange.

 

Accruit's 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.
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