Any time an owner of real property desires to dispose of one property and acquire another property, consideration should be given to structuring the transaction as a like-kind exchange under Section 1031. With proper planning, virtually any transaction may be structured as an exchange, and the tax savings are often substantial. Deferred exchanges can provide substantial flexibility, without substantial risk. Gary S. Joiner is a shareholder in Frascona, Joiner, Goodman and Greenstein, P.C. , a Colorado law firm. Information is not provided as advice for a specific matter, nor does its publication create an attorney-client relationship.
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