1031 exchange

The 1031 Exchange is now recognized and accepted by the IRS.

A 1031 tax deferred exchange is simply a method by which a property owner trades one property for another without having to pay any federal income taxes on the transactions. In an exchange, a property owner disposes of one property and acquires another property but must be structured in a way that it is an exchange of one property for another and not a sale of one property and the purchase of another. These exchange transactions can be a very complicated procedure. Through the cooperation of a team of professionals, Sawyer County Abstract and Title has been successful in completing these exchange transactions.