Montana 1031 Exchange Firm 1031 Property Exchange Marks Seventh Anniversary

October 02 14:06 2019
Montana 1031 Exchange Firm 1031 Property Exchange Marks Seventh Anniversary

Montana 1031 exchange company 1031 Property Exchange in Bozeman is marking it’s seventh anniversary in September of 2019.

“Our company has been serving the needs of Montana 1031 exchange clients for seven years under this name from our offices in Bozeman”, says Rusty Squire, the President of 1031 Property Exchange. He adds, “During the decade between 2000 and 2008 we also served the area with a company known as Big Sky Property Exchange which was later sold to Nevada Security Bank”.

“Our Montana 1031 exchange company performs exchanges all over the United States”, says Squire. He adds, “We have completed exchange transactions in 48 of the 50 States and have also completed an exchange in the U.S. principality of Puerto Rico”.

“Unlike some Montana 1031 exchange companies we are actually Montana-based and domiciled”, says Squire. He adds, “What a lot of real estate professionals don’t realize is that when they use these firms, they are sending the money out-of-state and it doesn’t benefit Montana’s economy”.

“We are the only Bozeman 1031 exchange firm and have been for nearly 20 years”, says Squire. He adds, “We have offices right off North 19th Street in Bozeman making it convenient for local real estate investors to stop by and see us”.

“Most property investors need education and guidance to get through the myriad of exchange regulations put forth by the IRS in the IRC 1031”, says Squire. He adds, “We strictly give exchange advice to make sure that the transaction stays within the guidelines of the IRS rules”.

“A lot of property investors will assume that their Realtor, accountant or attorneys know all of the 1031 regulations but they often do not”, says Squire. He adds, “This is why you need a Qualified Intermediary to help perform your exchange and educate you to the process”.

“Our company has created and delivered four hour continuing education courses for Realtors for years in both Wyoming and Montana”, says Squire. He adds, “Teaching forces you to have to know your material even better than the average practitioner, which is why we chose to teach and that has been a very good decision”.

THE LEVELS OF TAXATION ON INVESTMENT REAL ESTATE

“A lot of people are not aware that there are four very distinct levels of taxation on investment real estate”, says Squire. He adds, “Federal capital gains are 15% to 20%, then each State has its own capital gains, the Affordable Care Act tax is 3.8% and then you have depreciation recapture which amount to 25% of all depreciation taken over the life of the owner”.

“One caveat however with the Affordable Care Act tax”, says Squire. He adds, “Unless you’re a couple with an adjusted gross income over $250,000 or a single individual with an AGI of over $200,000 then you won’t have to pay it and this exempts about 95% of all taxpayers.”

“In a lot of cases you can be looking at taxes of upwards of 25% on each dollar of gain and in high tax States like California it is closer to 40%”, says Squire. He adds, “I cringe when I hear accountants that advise their clients to just pay the tax when they’ve held a property for decades, it makes no sense when it comes to wealth building.”

If you would like further information or advice regarding your investment property then simply contact 1031 exchange at 406-425-2742.

Media Contact
Company Name: 1031 Property Exchange
Contact Person: Russ Squire
Email: Send Email
Phone: 406-425-2742
Address:1087 Stoneridge, Suite 2A
City: Bozeman
State: Montana
Country: United States
Website: https://bozemanmontana1031exchange.com/

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