Thinking about selling your investment property in Minonk, IL? You might be worried about a big tax bill from capital gains. But there's a way to delay those taxes and keep more money working for you: a 1031 exchange.
Imagine selling your rental property and using the money to buy another one, all without paying capital gains tax right away. That's the power of a 1031 exchange in Minonk, IL. It's a legal way to defer (postpone) taxes on your investment property sale. This frees up more cash to reinvest in a new property, potentially growing your portfolio faster.
Here's the catch: There are rules to follow for a successful 1031 exchange.
Don't Worry, We Can Help!
A 1031 exchange can seem complicated, but that's where 1031 Nationwide comes in. We can connect you with experienced professionals to guide you through the process, ensuring you meet all the IRS requirements.
Defer capital gains tax and keep more money to invest.
Reinvest the sale proceeds into a potentially higher-value property anywhere in the US.
1031 exchanges keep investment dollars flowing, which benefits the real estate market as a whole.
We have worked with various companies, just a few we have partnered with. You can be assured that your 1031 Exchange will be handled appropriately.