Case Study: Avoiding Capital Gains

How 1031 Exchanges Helped This Farm Family:

A farm family was selling various properties and had the simultaneous opportunity to purchase a new property for future use. With complex property co-ownership by individuals and entities, they needed a clear plan for avoiding capital gains taxes.

Our office worked with the family to align multiple 1031 exchanges to funnel capital gains from several sold parcels by different sets of owners into the purchase of the new property. By leveraging our expertise also acting as Qualified Intermediary in similar transactions, we aligned a plan to create the desired final property ownership while avoiding any capital gains taxes whatsoever.

Without knowledgeable advisors, a transaction of this type could have easily missed astep, resulting in capital gains tax liability to one or all of the family members involved