1031 Mass Asset Exchanges

Cincinnati, Ohio, Tax Lawyers: 1031 Mass Asset Exchanges

A 1031 multi or mass asset exchange is similar to a personal property exchange in that many different types of property are involved in the transaction. The difference is that a multi or mass asset exchange typically involves hundreds of properties - for example, a large number of rental cars or a business with all of its assets.

At Strategic Property Exchanges, LLC in Cincinnati, our lawyers understand the rules that apply to 1031 multi or mass asset exchanges. We provide a high level of individualized and personalized service. Our federal tax opinion guarantees that your 1031 multi or mass asset exchange will be in full compliance with applicable federal tax laws.

What are the advantages of a multi or mass asset exchange?

A multi or mass asset exchange makes identifying property and handing the money much easier than in any other kind of 1031 exchange. For example, you can look back over six months of transactions and retroactively match like-kind property that was bought and sold. You can also mix exchange funds with nonexchange funds.

The personal property that is relinquished must be matched in groups with personal property from the replacement property. Although this is a laborious and complicated process, the tax deferrals can be enormous.

What are examples of multi or mass asset exchanges?

• A property owner sells a printing business consisting of land, a building, printing equipment, computers, furniture and other assets for like-kind property.
• A rental car company continually buys and sells rental vehicles.

For more information

To schedule a consultation about a multi or mass asset exchange, please call 513-412-3483 or fill out the contact form on this Web site. From our offices in Cincinnati, Ohio, our attorneys represent property owners throughout Ohio.