How It Works
This powerful tax tool may help you defer capital gain taxes on profit made from real estate transactions, as well as leverage the value and equity of your property into others of more value. Let us advise you on reinvestment opportunities and take care of the heavy lifting so you can focus on other aspects of your business.
We'll start by gathering important information, such as who holds the title and whether it's listed as an individual, partnership, or trust. The new property that you will reinvest in must be bought by the same person or in the same corporation's name. The property in question must be purchased within a 180-day window of the original sale. If you have not found a property to reinvest in within the first 45 days of the 180 day window, it's as easy as identifying the property that you are looking to buy and sending us a letter that lists the potential properties that you are choosing from.
Our tax specialists will also review any requests to take money out of the transaction for other purposes, and review any other issues that you might face.
From start to finish, we're the tax company that will be by your side. We also work with title companies at your closing, and we'll set up the trust account that's required by the IRS. Since you cannot access your funds during a transfer, it must go into a trust account on your behalf.