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A 1031 Exchange is a powerful tax strategy that allows investors to sell a property and reinvest the proceeds in a like-kind property, deferring taxes on the capital gains. This means you can keep more of your earnings working for you — growing your wealth and creating long-term value without worrying about immediate tax consequences.
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and Saturday 10AM - 2PM CT
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(214) 818-3231
At CUTX, we believe in making a positive impact. When you invest with us, you’re not only investing in your future but also helping to support a stronger, more vibrant local community.
As a CUTX member, you’ll receive exclusive priority access to expert services, educational resources, and special offers designed to help you succeed in your investment journey.
As experts in 1031 exchanges, we keep up-to-date with the latest industry challenges and the new banking tools to meet them.
A 1031 Exchange is a tax-deferred exchange that allows real estate investors to sell a property and reinvest the proceeds into a like-kind property, deferring capital gains taxes. This strategy helps you grow your investments without paying taxes on the gains at the time of the sale.
Anyone who is selling an investment property and plans to reinvest the proceeds into another investment property can qualify for a 1031 Exchange. However, there are specific rules regarding the type of property involved and the timeframes that must be met. Our team at CUTX can help guide you through these requirements.
A variety of properties can qualify for a 1031 Exchange, including residential, commercial, industrial, and even vacant land. The property must be held for investment purposes, not for personal use. If you’re unsure whether your property qualifies, our experts are available to provide personalized guidance.
In a 1031 Exchange, a "like-kind" property refers to any property that is similar in nature or character to the one you are selling. While the properties don't need to be identical, they must be used for investment or business purposes. Our team can help you understand if the properties you’re considering meet the like-kind requirements.
The IRS sets strict timelines for completing a 1031 Exchange:
If you miss either the identification or exchange deadline, the tax-deferral benefit of the 1031 Exchange will be forfeited, and you will be required to pay capital gains taxes on the sale of your original property. Our team will help you stay on track to avoid missing these critical deadlines.
We have several locations in DFW and East Texas. Come see us!
