What a 1031 Means to You

Through our LandAmerica Partner, Northpoint 1031 Exchange Services
The Internal Revenue Code imposes taxes when property is sold or transferred and a gain is realized. According to Section 1031 of the tax code, if a taxpayer adheres to strict code guidelines, then all or a portion of the gains from the disposition of business or investment property can be deferred or reinvested into a new replacement property. These deferred gains, as well as the gains from the new property, are not taxed until the new property is transferred and fails to qualify for tax deferral.

Our partner, LandAmerica, established their 1031 Exchange Services Division in 1990 solely to facilitate tax-deferred exchanges. To ensure the best possible service to the taxpayer, Northpoint offices that specialize in 1031 Exchange Services have passed a LandAmerica certification standard. To find a Northpoint office that offers 1031 Exchange Services office, please contact us at: 877.678.1678.