Milwaukee Tax Deferred Exchange Attorney

A tax-deferred exchange, also known as a 1031 exchange or Starker exchange, allows a property owner to defer the payment of capital gains tax on real estate when proceeds from the sale of one property are invested in another property.

Working Today to Protect Your Future

If you own commercial real estate, from a duplex to an office tower, the tax deferred exchange attorneys of Halling & Cayo, S.C. can help you avoid negative tax consequences of your real estate transactions.

We are experienced in all types of 1031 exchanges, including:

• Forward exchanges
• Reverse exchanges (Title-holding exchanges)
• New construction exchanges (Improvement exchanges)
• Tenant in common (TIC) exchanges

Named for section 1.1031 of the Internal Revenue Code, 1031 exchanges help real estate owners preserve the equity of their investment. To qualify as a tax deferred exchange, both the property you sell and the property you acquire must be of like kind.

Starker exchanges are delayed exchanges under the safe harbor provisions of IRC 1031, in that closings on the relinquished property and the replacement property do not have to happen on the same day. However, strict rules and time limits are involved. Replacement properties must be designated within either 45 days and closed within 180 days of the closing of the Relinquished property. Moreover, a “Qualified Intermediary” must be involved in the exchange.

For further information on tax deferred exchanges, please consult a real estate attorney at Halling & Cayo today.

Contact a Lawyer at Halling & Cayo, S.C.

From offices in the Historic Third Ward of Milwaukee, the tax deferred exchange attorneys of Halling & Cayo, S.C. represent clients throughout Wisconsin, including residents of Racine, Waukesha, Kenosha, Madison, West Bend, Port Washington, and Brookfield.