1031 Exchanges

White Plains, New York, 1031 Exchange Attorney

If you are contemplating the sale of your residential or commercial property, you may not be aware of the options available for you to enhance your financial yield. Depending on the individual circumstances of your transaction, you may be able to defer the taxes on the gains that would be realized by the sale of the property in question by executing a 1031 exchange (also called a Starker exchange).

Rather than paying a significant amount of money to the government in capital gains tax, explore your investment options by discussing your real estate transaction with a knowledgeable attorney. At the Law Office of Joseph M. Buderwitz in White Plains, New York, we have extensive experience successfully handling 1031 exchanges. Contact us today to speak with a lawyer who will guide you through the process.

We will help you determine whether your property sale qualifies for a 1031 exchange. Once we have determined whether your transaction qualifies, we will discuss your options and your needs. We can handle complete or partial 1031 exchanges. Depending on the option you choose, we will work with the qualified intermediaries and execute the necessary paperwork to ensure that you receive the optimal benefits in your real estate sale.

Different rules apply in completing these transactions. In order to qualify for tax deferment in a like kind exchange, you must identify another property within 45 days of your sale. By investing your profits in that property within the given time period, you have the option of deferring the capital gains tax on the initial sale. We can guide you through the process to ensure your 1031 exchange is successful.

Let us help you explore your options and protect your financial interests by helping you execute a 1031 exchange in your real estate sale. Contact our firm today to discuss your individual legal needs and concerns with a trusted attorney at the White Plains Law Office of Joseph M. Buderwitz.