A 1031 like-kind exchange allows real estate investors to sell investment property and reinvest the proceeds into a new property of equal or greater value while deferring all capital gains taxes. For Ohio investors, this is one of the most powerful wealth-building strategies available.
Wolterman Law Office has extensive experience guiding Ohio real estate investors through every type of 1031 exchange, including simultaneous exchanges, delayed exchanges, reverse exchanges, and improvement exchanges. We serve as qualified intermediary and legal counsel, ensuring your exchange is structured correctly and compliant with IRS requirements.
The IRS imposes strict deadlines that must be met for a valid exchange. You have 45 days from the sale of your relinquished property to identify replacement properties, and 180 days to close on the replacement property. Missing either deadline disqualifies the entire exchange.
A 1031 exchange involves significant legal and tax complexity. Working with an attorney who serves as your qualified intermediary ensures the exchange is structured properly, the exchange documents are legally sound, and you receive both legal and tax guidance throughout the process.
Schedule your free, no-obligation consultation with a Wolterman Law attorney. Available in person at our Loveland or Blue Ash offices, by phone, or via Zoom.