America’s Land Auctioneer and Pifer’s Land Auctioneer
Reason to consider a 1031 Exchange.
Preserving capital and putting that capital to work for you is possible through a 1031 Exchange. Do not ignore this opportunity. Many landowners who sell land are not even aware of their options to defer capital gain taxes. Nearly all baby boomer landowners have a low-cost basis in their land and are subject to significant capital gain taxes. These can be deferred during their lifetime. A Pifer’s specialist can provide you with the information you need to consider a 1031 Exchange.
Capital gain taxes can be deferred. Your broker or land auctioneer should always ask the question: “ If you sell your land what is your likely capital gain tax liability?” Not asking this question is irresponsible. In many circumstances, the landowner’s sale of land will be subject to a capital gain tax liability. Determine what this liability potentially is and develop a strategy that will defer the tax and preserve your capital.