1031 Exchanges in Northern VA
What is a 1031 Exchange? The IRS has provisions within the tax code, known as 1031, that allow a taxpayer to sell real property and defer capital gains tax if the taxpayer uses the sale proceeds to acquire a replacement property. This involves the sale of one property and the purchase of another. Why do it? Well, capital gains taxation can be significant! While we do not provide tax or legal advice (you should always consult with your tax advisor or CPA for such things) we do offer the valuable 1031 services by and through our partnership with Old Republic Exchange, the premier, national 1031-exchange experts, as Qualified Intermediary. We're here to help navigate and complete your 1031 exchange, smoothly and efficiently!
Contact the experienced team at Northern Virginia Title & Escrow for more information.