Lehigh Valley 1031
   ...a Qualified Intermediary serving the greater Lehigh Valley

What is a Section 1031?


It is an Internal Revenue Code Section found in our tax laws at Section 1031.
Second It is a mechanism of tax deferral not an exemption or an exclusion from taxation.
Third It is accomplished by strict adherence to rules and regulations set out by the IRS, our Legislature and Courts.
Fourth It is typically used to defer gain on the sale of business or investment real estate when it is the intention and interest of the seller to re-invest part of all of the proceeds of a sale in more real estate.
Fifth A successful 1031 Tax Free or Like Kind Exchange frequently utilizes a Qualified Intermediary like Lehigh Valley 1031, LLC, to fall within the law’s Safe Harbor (IRS approved) transaction.
Sixth A 1031 timeline appears below -
Prior to Sale   Time of Sale   By 45th Day   By 180th Day
Have written agreement with Intermediary   All sale proceeds are held by Intermediary   Identify possible properties to purchase   Close on replacement property
Have Agreement to Sale            
Give Notice to Buyer            

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The information contained on this site is for informational purposes only and does not constitute
tax, legal or accounting advice. You are advised to seek appropriate professional advice
 regarding your facts and circumstances.

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