1031 Exchange Accounting (Like Kind Exchanges)
A 1031 exchange delays the tax consequences when selling investment property.
One of the most important parts of a like kind exchange is calculating the basis of the property. This can be complicated by numerous factors such as when multiple exchanges have occurred, when cash or unlike property is added, and when values aren’t the same.
Let Dixon Accounting help with your 1031 exchanges. We can refer you to an experienced attorney to administer your real estate closing and 1031 paperwork after calculating your basis and discussing tax consequences of different scenarios.