1031 Exchanges

Northwestern Title, Inc. can assist you with your simultaneous or deferred 1031 exchanges.

The 1031 tax deferred exchange is now recognized and accepted by the Internal Revenue Service (IRS) as a proper income tax avoidance method. A 1031 exchange is a method by which a property owner trades one property for another thereby eliminating or substantially reducing the payment of any federal income taxes on the transactions. The exchange must be structured in a way that it is an exchange of one property for another and not a sale of one property and the purchase of another. Typically, most 1031 exchanges are either simultaneous or deferred. These exchange transactions can be a very complicated procedure. By working with the team of professionals at Northwestern Title, Inc., we will assist you in successfully completing your 1031 exchange transactions.