Lehigh Valley 1031

What is a 1031?
A 1031 exchange is a specifically structured transaction that joins together the sale of an old property and the purchase of a new property for the purpose of deferring taxes.

It is so named because the rules on Deferred Exchanges are Section 1.1031 of the Internal Revenue Code which details the procedure for turning a sale and purchase type transaction into an exchange.

IRC §1031 (a)(1)
"No gain or loss shall be recognized on the exchange of property held for productive use in a trade or business or for investment, if such property is exchanged solely for property of like-kind which is to be held either for productive use in a trade or business or for investment."

What is a Qualified Intermediary?
"A qualified intermediary is a person who enters into a written exchange agreement with you to acquire and transfer the property you give up and to acquire the replacement property and transfer it to you. This agreement must expressly limit your rights to receive, pledge, borrow, or otherwise obtain the benefits of money or other property held by the qualified intermediary." -IRS

Lehigh Valley 1031, LLC, acts as a qualified intermediary
[see note at left] servicing the needs of real estate professionals, accountants, and real estate sellers of the Lehigh Valley.

Since we focus on the people of the Lehigh Valley area, our attention is on personal service and client satisfaction. We are not simply an Internet company but a bricks and mortar business with our offices in the Lehigh Valley and all escrowed funds are held at local institutions, unless requested otherwise.

With over twenty-five years of industry experience, we are available to meet or talk with you and your lawyer, accountant or other real estate professional to help plan and structure your transaction.

The information contained on this site is for informational purposes only and does not constitute
tax, legal or accounting advice. You are advised to seek appropriate professional advice
regarding your facts and circumstances.
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