Understanding Tax on Real Estate Sales: What You Need to Know
Selling real estate can be profitable, but understanding tax implications is crucial. Learn about capital gains, primary residence exclusions, and 1031 exchange strategies to maximize your earnings and stay tax-compliant.
We Want to Help you Build Wealth.
Defer Capital Gains Taxes
Defer capital gains tax to retain your hard earned capital in your investment portfolio.
Consolidate your Portfolio
Maybe you own multiple properties and the time spent managing these properties is becoming too much of a hassle. Some investors may choose to consolidate via a 1031 exchange.
Diversify your Portfolio
Maybe you want to diversify your portfolio for anticipated risk, a 1031 Exchange is a great way to ensure your risk is spread and you don’t have all your eggs in one basket.
Improve Cash Flow
Maybe your property isn’t cash-flowing as well as you’d hoped. Buying a new property with a 1031 exchange is always an option.
Which type of exchange is right for me?
An investor should weigh all of their options before proceeding with an exchange. The investor may choose to proceed with a forward, construction, or reverse exchange. Much less commonly an investor may proceed with a reverse-construction exchange.
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A forward exchange is chosen by most investors, as it is the simplest and most common type of exchange.
A forward exchange simply involves selling one or more properties, referred to as “relinquished property”, and purchasing one or more properties, known as “replacement property”.
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A reverse exchange is chosen by investors that want to buy a property before they sell the relinquished property.
Generally, a short-term bank note or cash is used to finance the purchase, and the deed to the property is held by the QI, to be returned when the relinquished property is sold.
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A construction exchange is chosen by the investor that wishes to build or improve a replacement property.
The hardest part about completing a construction exchange is that the investor must use all necessary funds from the exchange before 180 days are up. It is important that the investor keep track.
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As it sounds, a reverse-construction exchange is a combination of both a reverse & construction Exchange.
An investor will purchase the replacement property first (using a short-term note or cash). The deed will be held by the QI, and the property will be improved. The relinquished property will be sold thereafter.
Start your Exchange Today!
Pay only $1150 for a Forward Exchange.
No Hidden Fees = Less Stress
About Us
Founded by Tim Cooney, 1031 Real Estate Exchange Specialist is a 1031 Exchange Qualified Intermediary based in Durango, CO. We have been performing exchanges for over 30 years.
We’ve helped thousands of clients perform 1031 exchanges while providing knowledge and experiential advice. Our client’s success is our success.
Tim Cooney
After graduating from Notre Dame in 1968, Mr. Cooney began a career in accounting. He has been an accountant for over 60 years and a licensed realtor for 46. The knowledge Tim brought from both real estate and tax work is how he became so well acquainted with real property and 1031 exchange work.
Gina Warner
Gina Warner, an avid businesswoman, has ran fly shops, bagel stores, and built cell phone towers before selling these businesses to focus on 1031 exchanges. Gina has worked in the real estate industry for over 20 years, and has been in the exchange business for 7 years. Gina knows 1031s like the back of her hand, and makes sure your exchange flows seamlessly.
Call: 970-257-2077
Email: exchange@1031taxinfo.com
We provide exchange services in all 50 US states & Territories:
We are based in the four corners area, where we began servicing Durango, CO and Farmington, NM.
You may be asking yourself, is there a 1031 specialist near me? Don’t worry, 1031 exchanges can be done nationally, and you can use any QI in the United States to perform your exchange. We perform 1031 exchanges nationally and work with any closing team or company in the US or its territories to complete your exchange.
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Durango, CO; Farmington, NM; San Francisco, CA; New York, NY; Los Angeles, CA; Seattle, WA; Washington, DC; San Jose, CA; Boston, MA; Denver, CO; Austin, TX; Miami, FL; Portland, OR; Dallas, TX; Houston, TX; Atlanta, GA; Philadelphia, PA; San Diego, CA; Chicago, IL; Minneapolis, MN; Detroit, MI; Phoenix, AZ; Las Vegas, NV; Salt Lake City, UT; Baltimore, MD; Tampa, FL; Sacramento, CA; Orlando, FL; Nashville, TN; Raleigh, NC; St. Louis, MO; Charlotte, NC; Pittsburgh, PA; Indianapolis, IN; Kansas City, MO; Columbus, OH; Milwaukee, WI; Cincinnati, OH; Cleveland, OH; San Antonio, TX; Louisville, KY; Buffalo, NY; Richmond, VA; Rochester, NY; Hartford, CT; Providence, RI; New Orleans, LA; Jacksonville, FL; Memphis, TN; Birmingham, AL; Oklahoma City, OK.
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We service Alabama, Alaska, Arizona, Arkansas, California, Colorado, Connecticut, Delaware, Florida, Georgia, Hawaii, Idaho, Illinois, Indiana, Iowa, Kansas, Kentucky, Louisiana, Maine, Maryland, Massachusetts, Michigan, Minnesota, Mississippi, Missouri, Montana, Nebraska, Nevada, New Hampshire, New Jersey, New Mexico, New York, North Carolina, North Dakota, Ohio, Oklahoma, Oregon, Pennsylvania, Rhode Island, South Carolina, South Dakota, Tennessee, Texas, Utah, Vermont, Virginia, Washington, West Virginia, Wisconsin, and Wyoming.
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The islands that are eligible for a 1031 exchange are limited to those that are located in the United States and its territories. This includes Puerto Rico, Guam, American Samoa, Virgin Islands, Northern Mariana Islands, District of Columbia and any other territory or possession of the United States.