Are you ready to dispose of an asset, but concerned about the tax implications? Section 1031 of the Internal Revenue Code allows owners of certain types of investments to sell one asset and buy another of "like kind" while deferring capital gains taxes. United Bank Wealth Management Advisors can serve as your Qualified Intermediary to facilitate such an exchange.
Seize the next opportunity:
- Find real estate, or other investments similar to what you already own
- Increase long-term returns by deferring taxes
- Funds will be protected until the transaction period is completed
If you would like to learn more about these services, please contact a United Bank Wealth Management Advisor.