We are proud to be selected as one of the “Best Of” Commercial Real Estate Brokerage Firms and Best Commercial Property Management Firms by the Daily Business Review. Thank you to all who voted!

skip to Main Content
BERGER BITES | CAREERS | TENANT REQUEST |

Michael Withrow answers: What is a 1031 exchange?

1031 exchange is not a tax avoidance, but rather a tax deferment. For example, if you have a property that you sell for $200,000 rather than paying the 20% tax rate, if that’s your tax rate you have to pay the $400,000. If you have a like property in mind, you can roll all $2,000,000 into other property and you’ll be able to keep your funds working for you. It gives you some extra leverage on the property.

Back To Top