1031 Exchange Properties in College Station, Texas
The twin cities of College Station and Bryan, Texas have long been a stable, appreciating real estate market given the home of Texas A&M University, affordable housing, strong job market and short drive to Austin, Houston and Dallas. The stability impacts the surrounding land values and ranches resulting in values that go up over time. When those 1031 exchange properties are sold, the outcome is a tax in the form of federal capital gains and 25% recaptured depreciation that can represent upwards of 40% of the sale.
Intent and Facts
If the intent is to replace with real estate held as an investment with minimal personal use, a 1031 exchange will save the 40% in taxes and use the taxable dollars towards acquiring replacement property. Those tax dollars will be due when the replacement property is sold or deferred again in another 1031 exchange. Facts supporting a 1031 exchange include minimal personal use and rental income to support the intent to hold as an investment.
The Certified Exchange Specialist® on staff at Atlas 1031 has been providing qualified intermediary 1031 exchange services to professional advisers and their clients in College Station and Bryan, Texas since 2003. We serve the rancher, individual land owner, commercial client and business all whom share the interest in deferring taxes. As a result we receive referrals from Attorneys, CPAs, Realtors, lenders and title companies.
A Partial List of 1031 Exchange Properties
Each 1031 exchange follows prudent investment standards, depositing exchange proceeds into interest bearing, non commingled accounts that require either a personal identification number or notarized signature for disbursement. Each account is insured by Federal Deposit Insurance Corporation (FDIC). As needed, multiple banks are used to hold the proceeds.
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