Do you have investment property? Do your clients? Using a “1031 exchange” is a good way to sell and buy an investment property without paying capital gains taxes. As always, you need to consult your own tax professional or attorney about your specific situation. However, Patricia Flowers of Investment Property Exchanges Services, Inc., will give you the info you need to know to start the conversation.
About the Expert:
Patricia A. Flowers, assistant vice president for Investment Property Exchange Services, Inc. (IPX1031)in the Boston office, has been facilitating IRC Section 1031 tax deferred exchange transactions for area investors and their advisors since 1998. In the real estate industry for over 18 years, she is a member of various industry associations and has been awarded the Certified Exchange Specialist (CES®) Designation through the Federation of Exchange Accommodators, Inc. Additionally, she has authored a number of articles for publication and is an accredited educational speaker, frequently lecturing throughout New England on IRC §1031 exchange procedures and guidelines.