1031 Like Kind Exchanges

Like kind exchanges of real property pursuant to Section 1031 of the Internal Revenue Code can be a valuable tool to defer or avoid capital gains tax on real estate transactions. Given today's historically high tax rate on capital gains, structuring a transaction as an exchange can make a huge difference to the taxpayer.

Unlike many services advertising "exchange services," at Rice & Stallknecht, P.C., your transaction is handled by Karl M. Rice, Esq., a licensed professional attorney with years of experience in making these transactions work, sometimes in cases where, at first glance, it appeared no exchange was possible. We pride ourselves on making the transaction as painless as possible for the other party so you do not lose the deal because the other party was confused.

We take full responsibility for structuring the transaction correctly and try to do so in a manner which works for all parties.

Get sound advice from a licensed professional!

Frequently Asked Questions About Like Kind Exchanges.

You can download tax forms directly from the IRS web site, but for the convenience of our visitors, Rice & Stallknecht has placed at this site copies of the main Internal Revenue Service form dealing with Like Kind exchanges, and supporting information:

• Form 8824 (w/instructions)

You will need a free Acrobat viewer or plugin to use these files.