In most cases, when someone sells a property and makes a profit, they’ll need to pay taxes immediately, However, U.S. tax laws provide an exception in which, if you use the proceeds from the initial sale to reinvest in a similar property, you can defer those taxes until later. Called a 1031 exchange, this tax deferral can have a variety of financial benefits for business owners and investors.

6750 N. Andrews Avenue, Suite 200 Fort Lauderdale, FL 33309

Get in Touch
954.429.6833

Fill out the form below to answer any and all questions regarding your closing.

    © 2021 BlackRock Title Group. All rights reserved.