1031 Like-kind Exchanges

Tax Lawyers: 1031 Tax Deferred Exchanges

A properly structured 1031 property exchange provides owners and investors with the opportunity to defer federal and state taxes on gains from the sale of their property.

A 1031 exchange is a proactive and creative plan for owners of investment and business property to reduce their income taxes and increase their wealth. At The Robison Law Firm, we advise our clients to contact us as soon as possible to discuss options and strategies to reduce their taxes. Our tax attorneys meet with each and every client and their advisors to discuss their goals and create a unique tax preferred solution for the client.

A property owner who does not elect to treat a sale as an exchange is taxed on any gains from the sale of their property at a combined tax rate between 22 percent and 44 percent, based on the type of property sold and the state tax rate.

A 1031 exchange can be used to defer taxes on a wide variety of assets, including:

• Aircraft
• Real estate
• Business assets
• Fleet vehicles
• Livestock
• Licenses
• Patents
• Franchises
• Autos
• Artwork
• Other collectables

Attorney Robison is also founder of Strategic Property Exchanges, LLC, a team of highly skilled and knowledgeable legal and business professionals who specialize in maximizing client’s wealth through secure exchange transactions. Our legal experience coupled with our extensive knowledge of 1031 exchanges makes us a valuable partner. To learn more about 1031 tax deferred exchanges, please visit the Strategic property Exchanges, LLC Web site.

From our offices in Cincinnati, Ohio, we represent property owners throughout the state.