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How to Save Tax Dollars With a Section 1031 Exchange

By MarksNelson on August 23, 2016 in MarksNelson in the News, Real Estate, Sarah Schiltz CPA, MSA

Kansas City Business Journal, How to Save Tax Dollars With a Section 1031 Exchange, August 23, 2016

Real estate prices are expected to rise up to 5 percent this year, and some investors may try to cash in on the market using an option that is gaining in popularity. Section 1031 exchanges allow an owner to sell a property and buy one or more “like-kind” properties and potentially pay no tax.

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MarksNelson LLC works with clients to help safeguard and grow their businesses. Our ultimate goal is to help our clients to Move Forward. The firm provides Assurance, Accounting Services and Business Advisory, Business Valuation, Consulting, Cost Segregation, Employee Benefit Plan Audits, Litigation Support, Forensic Accounting, International Tax, State and Local Tax and Tax planning, advisory and compliance services. MarksNelson is a member of The Leading Edge Alliance, the second-largest international professional association of independently owned accounting and consulting firms, serving clients who need additional resources on a national or international level. MarksNelson has significant accounting and business advisory experience in the auto dealership, construction, insurance, manufacturing, distribution and real estate sectors. The firm was named among the 2014 Best Accounting Firms for Leadership Equity by the 2014 Accounting MOVE Project for its dedication to gender equity.