Coast 1031 Exchange, Inc. Nationwide 1031 Exchange Intermediary Services Thomas Foster, Esq., President 331 Soquel Avenue, Suite 100 Santa Cruz, CA 95062
COAST 1031 EXCHANGE INC
Benefit from our decades in the 1031 Exchange Business!
NATIONWIDE 1031 EXCHANGE INTERMEDIARY SERVICES
so you can--
Section 1031 of the Internal Revenue Code allows an investor to defer indefinitely the payment of capital gains taxes on the sale of property when he reinvests in replacement property of equal or greater value. This means an investor can move all of his equity from his relinquished (old) property to his replacement (new) property, rather than just the amount left over after paying capital gains taxes. (It frequently happens that after paying the capital gains taxes, an investor could no longer afford to purchase the property he just sold!)
AVOID CAPITAL GAINS TAXES.
Whenever you sell a business or investment property and you have a gain, you generally have to pay tax on the gain at the time of sale. IRC Section 1031 provides an exception and allows you to postpone paying tax on the gain if you reinvest the proceeds in similar property as part of a qualifying like-kind exchange.
1031 Exchange is one of the most powerful tools for building wealth allowable in the IRS Code. While its application can be complex, the benefits can greatly outweigh the expense and effort. Let us apply our years of expertise to your transaction!
DECADES OF EXPERTISE TO YOUR TRANSACTION
QUALIFIED INTERMEDIARY,COAST 1031 EXCHANGE--
CONSULTS. STRUCTURES. PREPARES. ACTS.
As your Qualified Intermediary,Coast 1031 Exchangeconsults with the investor, structures the Exchange, and prepares all of the legal paperwork to convert the transaction from a taxable sale into a tax deferred 1031 Exchange. This is done through the use of contractual assignments. Since Coast 1031 acts as the seller and buyer on behalf of the investor, the IRS considers the investor to have merely exchanged properties. Because it is an exchange, the capital gains taxes that would ordinarily be due on the sale of the relinquished property are deferred. As long as the investor doesn’t make a regular sale of the property, the capital gains taxes will not have to be paid. Not only that, he can keep exchanging the property throughout his lifetime with the same benefit.