(Tax Deferred Real Estate Exchanges) Greater Boston Exchange Company, LLC is an ancillary business of McCue, Lee & Greene, LLP Please contact either Mark A. McCue, Esq., or Brendan J. Greene, Esq., for further information regarding 1031 exchanges
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What are the time limits to complete a Section 1031 Deferred Like-Kind Exchange? While a like-kind exchange does not have to be a simultaneous swap of properties, you must meet two time limits or the entire gain will be taxable.
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1031 Property Exchanges. Our lawyers at our Massachusetts law firm advise people on the process for conducting a like-kind exchange of real property. Also known as 1031 exchanges, these transactions have many tax benefits, but need to be undertaken carefully to realize those benefits under Internal Revenue Service rulings.
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