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A Roadmap To A Successful 1031 Exchange

The 1031 exchange investments allow you to escape the taxes on your property or business sale and buy a like-kind property using the capital acquired on the sale. Here’s a brief walk-through of the whole process.

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A Roadmap To A Successful 1031 Exchange

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  1. A Roadmap To A Successful 1031 Exchange

  2. The 1031 exchange investments allow you to escape the taxes on your property or business sale and buy a like-kind property using the capital acquired on the sale.  Here’s a brief walk-through of the whole process.

  3. Start by finding an intermediary (or QI) experienced in 1031 Exchange Investments in Wyoming to structure the exchange and handle paperwork.

  4. You need to assign the right to sell your relinquished property to your intermediary.

  5. Within 180 days, the intermediary or QI will buy the property; once the relinquished property is closed.

  6. That’s all! You have avoided the taxes successfully. 

  7. Within 180 days, the intermediary or QI will buy the property; once the relinquished property is closed.

  8. That’s all! You have avoided the taxes successfully. 

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