1031 Like-Kind Exchanges

Cincinnati, Ohio, Attorneys

IRS Code Section 1031 Like-Kind Exchange Transactions

At Drew & Ward, attorneys from our commercial real estate practice assist buyers and sellers in 1031 like-kind tax-deferred exchanges of investment properties under U.S. Internal Revenue Code §1031.

A requirement of IRS Code Section 1031 is that during the conversion of the investment, in order to defer payment of capital gains tax, the funds must be held or qualified by an intermediary. Drew & Ward, in order to facilitate these transactions, owns and operates D&W Exchange Company, LLC., which holds funds between the sale of the first property and the purchase of the replacement property.

Qualified like-kind property

Any rental or investment property in the United States is eligible for §1031 and can be traded for any other, including agricultural property, condominiums, retail buildings, and apartment buildings. If a partnership owns real estate, the partnership may enter a §1031 exchange. Vacation homes and residences do not qualify. Our lawyers will help you identify an appropriate property for your 1031 exchange.

"If you like the idea of deferring the payment of tens or hundreds of thousands of dollars, you should consider a like-kind exchange including a reverse exchange, parking arrangement or build to suit.”

Attorney Richard G. Ward

Mr. Schaefer and our other commercial real estate attorneys work closely with members of our estate planning and business law practices to provide comprehensive, efficient legal counsel to investors.

If you are an investor and would like to discuss a 1031 like-kind exchange with a lawyer from our firm, we invite you to contact our Cincinnati, Ohio, office to arrange an initial consultation.

Our 1031 exchange attorneys: Anthony G. Covatta, Richard G. Ward, James R. Schaefer, Eric C. Holzapfel, and Sybil B. Mullin.

Related practice areas: estate planning, business law, commercial real estate, and construction law