1031 Tax Exchange Arizona
Generally, if you exchange business or investment property solely for business or investment property of a like kind, no gain or loss is recognized under section 1031. If, as part of the exchange, you also receive other (not like-kind) property or money, gain is recognized to the extent of the other property and money received, but a loss is not recognized.

The idea behind the 1031 section of the tax code is that when an individual or a business sells a property to buy another, no economic gain has been achieved. There has simply been a transfer from one property to another. For example, if a real estate investor sells an apartment building in Arizona to buy another one any where in the US, he or she will not be charged tax on any gains he or she made on the original apartment building. When the investor sells the original apartment building and purchases a new one, the value used from the original to buy the new one has not changed - the only thing that has changed is where the value resides. Many people for example sell commercial property in other states like California and complete a 1031 tax exchange for property here in the Phoenix metro area.


Real Estate in The Phoenix Metro Area
My Colleagues and I are focused on knowing the valley, their values, their positive and negative features, and their potential. We keep up with local real estate news, market trends, and community developments, including economic factors which affect property values.

If you are looking for commercial real estate in Arizona
please visit Phoenix Commercial Property .com

Arizona Cities

• Phoenix
• Carefree
• Cavecreek
• Chandler
• Gilbert
• Glendale
• Mesa
• Scottsdale
• Tempe

Property types include strip centers, single apartment buildings, larger apartment communities, multiple dwellings, retail, shopping center, office buildings, warehouse and industrial buildings.

Bill@1031EXCHANGEARIZONA.COM