Austin, Strait, Benson, Thole & Koehn LLP

Austin Land Exchange

Austin Land Exchange facilitates 1031 exchanges. Our clients can now take advantage of a highly competent and qualified 1031 exchange intermediary involved in the local market of North Eastern South Dakota.

What is a 1031 Exchange?

A 1031 Exchange is a tax deferral tool that allows the seller of qualifying property to defer taxes including state and federal Capital Gains, Depreciation Recapture, and Net Investment Income Tax, provided that the value of the property sold is reinvested in other qualifying real property. Multiple requirements must be satisfied for a valid 1031 Exchange to take place.

Frequently Asked Questions

Please reach us at 605-886-5823 if you cannot find an answer to your question.

Can I do an exchange with more than one property?

Yes, you are allowed to exchange multiple properties.

Can I use exchange funds for improvements on replacement property?

Yes, as long as the exchange is structured properly.

What is a Reverse Exchange?

A Reverse Exchange is where the replacement property is purchased before the relinquished property is sold.

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