Masterfully grow wealth
utilizing the 1031 exchange
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Taxwise1031 is a team of experts who specialize in 1031 Exchange services, identifying missed opportunities, optimizing tax strategies, and fueling long-term wealth growth for your investments.
Fast
Dependable
Straightforward
Secure
Benefits of doing a 1031 exchange
Under IRS Section 1031, business owners, real estate investors and property owners can sell their property assets and reinvest the proceeds into like-kind properties, deferring capital gains taxes and avoiding depreciation recapture. It’s not just about deferring taxes by reinvesting those savings, you can leverage them to grow your wealth over time. This process can be repeated through multiple exchanges, allowing you to continue building wealth while postponing taxes.
How We Ensure a Smooth, Successful 1031 Exchange:
01
Broker trusted Qualified Intermediaries (QI) who securely handle the funds and paperwork
03
Expert timeline management to ensure you meet the 45-day and 180-day deadlines
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Implementing solutions to avoid receiving taxable boot and reduce tax liability
02
Comprehensive analysis to identify eligible, like-kind properties and prevent costly mistakes
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Custom strategies using specific trust structures to safeguard your exchange from falling through
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Guidance every step of the way to give you peace of mind throughout the process
Here's what our clients have to say about us
$8 million 1031 exchange in Maryland for Steve K.
"Andy Lee was crucial in our recent 1031 transaction. His expertise simplified finding replacement properties, ensuring we met all deadlines and communicated smoothly with property owners about our client's 1031 proceeds. Andy's strong relationships and timely updates made the process seamless. We couldn’t have completed this transaction without his guidance." - Steve K.
$350,000 Apartment 1031 in Oregon for Hugo G.
"Andy understands the unique needs of each client and how the different taxable portions of a transaction impact the outcome. He thoroughly explored various options, including combining multiple IRS codes, before we decided on a 1031 exchange. His expertise and due diligence in identifying the most favorable tax benefits were invaluable. Andy's decades of experience in real estate exchanges made all the difference." - Hugo G.
$425,000 Farm Land Exchange in Texas for Sal C.
"As a CPA, I needed quick help with a farmland sale involving a 50% step-up in basis in an AB Trust situation. With the closing less than a week away, I turned to Andy. He immediately took charge, built rapport with the clients, and provided solid recommendations. After reviewing his advice, I felt confident in his expertise and will keep Andy's name in my rolodex for future transactions." - Sal C.