1031 Exchange Services
Wolterman Law Office is a national provider of tax-deferred 1031 exchange services. These services include all like-kind exchanges in accordance with IRC §1031, including Delayed, Improvement, Reverse and Parking Arrangements. We are a qualified intermediary that facilitates a successful exchange based on our following attributes:
Expertise – Successful 1031 Exchanges are contingent upon adherence to deadlines and strict provisions, requiring substantial real estate and tax law experience. Our attorneys have this experience and the expertise to handle even the most complex transactions. Wolterman Law Office has over 12 years of combined property exchange experience throughout the United States.
Support – Wolterman Law Office provides reliable service, a timeline, and guidance. Most importantly, our clients work directly with exchange specialists, attorneys, and company owners, not branch offices or hired clerks.
1031 Exchange Benefits
Property that is transferred or sold for gain is subject to taxation. Through a properly executed exchange facilitated by our firm, investors can hold onto their equity without being subject to heavy capital gains taxes, ordinary income tax or depreciation recapture. If you exchange investment property for “like-kind” property, there is no immediate tax liability. This makes an exchange an appealing option for investors eager to retain the property’s equity for re-investment. It is the best government interest-free loan out there!
1031 Exchanges also allows investors the ability to regionally diversify their investments. For example, an investment condo in Palm Springs can be exchanged for a strip mall in New Jersey and an apartment building in Denver, Colorado. Investors who accumulate numerous diversified investment properties over time often find managing a group of properties cumbersome. Through a 1031 exchange facilitated by our attorneys, a group of properties can be exchanged for a single property, simplifying property management.
A common challenge among families who inherit a substantial piece of real estate is agreeing on what to do with the property long-term. 1031 Exchanges through Wolterman Law Office provides families the opportunity to acquire several properties in exchange for one large property. This helps each family member realize their individual investment goals.