In New Orleans, Baton Rouge and surrounding areas in Louisiana, a 1031 exchange are successfully used by the individual who owns a rental property, to the business selling a strip mall or shopping center to the Fortune 500 company who routinely replaces fleets of vehicles, planes and equipment. All have in common real and personal property held for investment or use in their business that when sold triggers federal, state if applicable and recaptured depreciation taxes. These taxes can represent upwards of 40% of the sales price. As a result, 1031 tax exchanges are a valuable wealth empowering strategy used to defer federal and state capital gains and recaptured depreciation taxes.
The Certified Exchange Specialist® on staff has been providing qualified intermediary 1031 like kind exchange services to professional advisor's and their clients since 2003. We serve individual investors, businesses and nonresident aliens and foreign corporations throughout the Southeast. Referrals represent the typical introduction from Attorneys, CPAs, Realtors, lenders and title companies. There are many types of exchanges including forward or delayed, simultaneous, reverse, build to suit and personal property exchanges. Each follows 1031 exchange guidelines, rules and requirements providing 1031 security and transparency. The following real and personal property are eligible for a 1031 tax deferred exchange:
Prudent investment standards are used to place the exchange funds in secure, liquid interest bearing, non commingled accounts that require either a personal identification number or notarized signature for disbursement as in a Qualified Escrow Account. Each account is insured by Federal Deposit Insurance Corporation (FDIC) and exchange proceeds can be placed in multiple banks.
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