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Explaining the Power of a 1031 Refers to the "nature or character" of the property and not to its "grade or quality." That is, real property held for investment or the productive use in a trade or business may generally be exchanged on a tax-deferred basis for other real property. Personal property held for investment or the productive use in a trade or business may generally be exchanged on a tax-deferred basis for other personal property, provided the personal property is of "like kind" or "like class." Professional tax advice should be obtained when planning exchanges. Like-Kind Exchange

Tax laws can be very complicated. Many companies don’t even realize they have the opportunity to reinvest the gains from the sale of assets back into their business. With a 1031 LKE, companies can defer unnecessary taxes and utilize the increased cash flow to purchase replacement assets of like-kind.

Watch this short, informative video to find out how a 1031 LKE can help you put more cash back into your business.