By utilizing the provisions of the Internal Revenue Code Section 1031, a seller of commercial or investment property may defer the imposition of capital gains taxes. The seller can opt to perform a deferred exchange that involves selling the property with the involvement of a qualified intermediary, such as Burns 1031 Exchange. The seller then has up to 180 days to purchase replacement property. Properly performed, the capital gains tax will be deferred. Call us today to set up an appointment and we will help you decide if a 1031 exchange will work for you!