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Tenant In Common Explained


A section 1031 exchange permits investment income real estate real estate owners to sell an income real estate and defer tax payments by reinvesting the proceeds into a like-kind investment income real estate or income real estate. 1031 tenant in common exchanges are a form of income real estate asset ownership in which two or more persons have a fractional interest in an asset. A tenant in common real estate owner has the same rights and benefits as a single real estate owner of income real estate.Internal Revenue Code allows for the reinvestment of proceeds into any like kind income real estate or income real estate. Tenant In Common exchanges forgo any economic gains taxes that may have been realized from such a sale. A qualified section 1031 realtor can help explain your options with investing in a tenant in common.

If you have recently sold, or are thinking of selling current investment income real estate, we can assist in matching you with a qualified section 1031 realtor. Contact us today for a free consultation.