1031 Hospitality Exchange

1031 Hospitality Exchange company information, Employees & Contact Information

Section 1031 of the Internal Revenue Code (the “Code”) is a provision that allows U.S. taxpayers to defer the recognition of gain on sales of certain types of assets when they are conducted through a “like-kind exchange”. Taxpayers do not avoid paying income tax on their gain, but rather defer that gain until later (usually when they dispose of the asset received in the exchange). Like-kind exchanges are complex transactions and taxpayers should only consider like-kind exchanges with the assistance of their own lawyers and tax advisors.
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