Scott N. Alperin, an experienced tax deferred exchange attorney, is available to you for advice about how this reinvestment strategy can work for you. Because the 1031 exchange deadlines can be tight, contact Scott as soon as you plan to sell your property to discuss your like-kind exchange questions and tax deferred benefits.

Alperin Law also provides Qualified Intermediary services for property exchanges pursuant to Internal Revenue Code Section 1031. In this capacity, we prepare and distribute the documents necessary to complete the exchange transaction, including closing instructions to the closing attorneys handling the sale and purchase.

Because receipt of any of the proceeds by the Exchangor from the sale of the property would result in those proceeds being taxable, Alperin Law holds the proceeds from the sale in a separate exchange account until they are needed for the purchase of replacement property.

Why Choose Alperin Law For Your 1031?   { back to top }
Personal service is what sets us apart from other law firms. We are always available to assist our clients with any questions about the exchange process. In addition to the necessary exchange documentation, we provide written notification of designation and exchange deadlines and oral reminders to make sure time requirements are met.

We enjoy working with people who are new to investing or transferring in or out of the area and would like a better understanding of how to benefit from a Tax Deferred Exchange.

We are experts at:   { back to top }
- Sole Owner Exchanges
- Tenants in Common Exchanges
- Reverse Exchanges
- Replacement Properties
- Qualified Intermediaries
- LLC Formation for Tenants in Common
- Due Diligence
- Exchange Closing

A Closer Look At 1031's   { back to top }
Internal Revenue Code Section 1031 allows individuals and entities to “exchange” investment property or other property that is held for productive use in a business or trade but not primarily for sale. The exchange is ordinarily accomplished by the sale of the investment or other property to one third party and the purchase of replacement property from another third party within a designated time period.

Under IRC Section 1031, capital gains from the sale of investment or income bearing property are deferred so long as the Exchangor does not receive cash or other benefits from the sale. To satisfy the no cash or benefits requirement, the IRC Section 1031 allows a Qualified Intermediary to receive the Exchangor’s interest as the seller of the property (the proceeds) and the Exchangor’s interest as the buyer of replacement property, thus becoming an actual participant in the transaction.

To qualify for Section 1031 treatment of the gain from the sale of your investment real estate, the proceeds of the sale of investment property must be reinvested in a qualifying replacement property within a limited period of time. An exchanger's failure to fully satisfy the 1031 like-kind exchange requirements can ruin any intention to shelter the proceeds of a prior sale from immediate tax liability.

The Right Advice   { back to top }
Alperin Law can advise you on all aspects of like-kind exchanges so that you can avoid a taxable event by means of a timely and fully qualifying exchange with sound investment values.

Feel free to call us at (757) 490-3500 for a no-cost consultation, or fill out this form.