Los Angeles Lawyers for 1031 Real Estate Exchanges
Whether you dabble in the real estate market or own many investment properties, you may be able to take advantage of section 1031 of the Internal Revenue Code. This section allows you to defer taxes as long as you keep exchanging investment properties.
At the Law Office of Hugh Duff Robertson P.C., our attorneys use almost a century of combined experience to guide clients through 1031 exchanges. Our Los Angeles, California, law firm is dedicated to creating winning strategies for our clients — strategies that help them minimize the tax consequences of commercial real estate transactions.
At the Law Office of Hugh Duff Robertson P.C., our clients come first. This means that we work hard to make sure that their rights are protected and that they receive the maximum benefit of the law. This also means that we place great emphasis on keeping close contact with you. Our attorneys return phone calls quickly and always take the time to make sure that you receive top-quality services from us.
How a 1031 “Like Kind” Exchange Works
In its simplest form, a 1031 exchange is a lawful tax deferred strategy. In a 1031 exchange, if you sell an investment property and buy a similar property, you may defer gains on the property sold until a future date.
There are many requirements that one must follow under section 1031. There are also several types of 1031 exchanges available. The best way to learn about the requirements and your options in a 1031 exchange is to talk with an attorney. To schedule a consultation with the lawyers at the Law Office of Hugh Duff Robertson P.C., call us at 310-824-0467 or complete our online form.