Category: 1031

Internal Revenue Code (IRC) Section 1031 provides “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

Methuen, MA Brad Carlson, founder and CEO of New England Realty Advisors LLC, has facilitated a strategic, multi-asset 1031 exchange for his client, totaling $10.81 million in transaction volume. 

Dwight Kay, founder and CEO of Kay Properties & Investments, recently authored a pivotal book on the increasingly popular 721 Exchange UPREIT strategy. This important guide, titled “721 Exchange UPREITs – What Investors Need to Know BEFORE Investing,” sheds critical light on important caveats investors must understand before committing capital to these complex structures.

For real estate investors, a 1031 Exchange can be a powerful tax-deferral tool, but in order to benefit, you must meet stringent IRS rules that leave little room for compromise. That’s one of the reasons it is so important to work with an experienced Qualified Intermediary (QI), who understands the complex 1031 Exchange process and IRS requirements.

Lynn, MA Stephen Girolamo of Horvath & Tremblay has facilitated the sale of four multifamily transactions totaling 77 units for a total of $17.96 million. Horvath & Tremblay represented the seller on three of the transactions and successfully completed a 1031 exchange for the client who was the buyer on the fourth transaction.

Internal Revenue Code (IRC) Section 1031 allows a property owner, who holds property for “the productive use in a trade or business or for investment”, to defer paying capital gains taxes if a property owner sells such property, identifies like kind