55 W. Monroe, Suite 3550
Chicago, IL 60603
Phone: 312-641-9800
Fax: 312-236-6724

1031 Tax Free Sales

You can depend on Gordon Gault Law to successful manage your 1031 tax free commercial real estate sale:

When you need a tax free commercial real estate exchange;

  • You need to conform to the Internal Revenue Service Code Section 1031

  • You need to set up a trust account with an exchange company to hold the sale proceeds until the purchase of the replacement property

  • You must designate replacement properties in less than 45 days

  • You must close on the designated replacement properties in less than 180 days

  • Any sale proceeds not used for replacement property will be returned to the seller without the benefits of the tax free exchange

Contact us to learn more.

The information you obtain at this site is not, nor is it intended to be, legal advice. You should consult an attorney for individual advice regarding your own situation.