1031 Exchange

Property held for productive use or investment may be exchanged and the tax deferred under Internal Revenue Code Section 1031. A 1031 Like-Kind Property is real property exchanged for any other real property within the United States or possessions used in business, trade or investment purposes.

1031 Property is..

  • Commercial
  • Duplexes
  • Rental Home
  • Vacation Homes
  • Apartments
  • Raw Land
  • Condominiums
  • Second Homes

1031 Property is not..

  • Personal Residence

International City Escrow and an accommodator/qualified intermediary aid the taxpayer in the completion of the exchange of one property for another in a format that qualifies under IRS Section 1031. In lieu of paying tax at the time of sale, the tax is deferred. Deferred tax is same as an interest-free loan from the government.