Tags: 1033 Exchange

Many investment property owners are familiar with the 1031 exchange, a provision in the tax code that allows taxpayers to defer capital gains tax when selling an investment property and replacing it with a like-kind property.

But did you know there is another part of the tax code that offers the same tax-deferral benefits if you have lost property due to involuntary conversion? That includes:

  • Property taken by eminent domain
  • Property sold under threat of eminent domain
  • Property destroyed by a natural disaster like a fire, flood, or hurricane

Losing a property can be emotionally devastating. Fortunately, it does not have to be financially devastating. Our team of investment professionals at Fortitude have been helping clients for years, who have experienced an involuntary conversion, successfully complete their exchanges.

The rules and the qualification requirements of a 1033 exchange, however, can be complex and difficult to navigate on your own. That’s why we created our newest eBook, 1033 Exchanges - A Tax-Advantaged Strategy for Investors Who Have Lost Property. 

This guide provides additional insights on the exchange process and the different requirements that apply to how your property was lost. We are confident you will find this information invaluable as you consider this property replacement strategy. You can also read more about 1033 Exchanges on our website here.

Please don’t hesitate to contact us for a free consultation if you’d like to get our perspective on your specific property loss. You can also schedule a time that works for you here

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Daniel Raupp

Under Daniel Raupp's guidance since 2000, Fortitude Investment Group, LLC has guided clients into over $1 billion worth of securitized real estate investment offerings directly and indirectly, in both the DSTs for 1031 Exchanges and REITs. In the areas of real estate, tax advantaged investments, insurance, retirement, and estate planning, he is able to set up comprehensive, individually tailored client portfolios designed to help remove market volatility and maximize income potential without undue risk.

Inspired by his father’s dedication to customer service and hard work, Daniel directs a range of strategic initiatives in the firm to successfully leverage core competencies in tax efficient investing, alternative investments, and operational excellence to create customer value. His credentials include a Series 7 General Securities Representative (GS) License, Series 24 Principal of General Representatives License, Series 63 Uniform Securities Agent License, and a Life/Accident and Health Agent License. Check Daniel’s background on FINRA’s BrokerCheck.

This is for informational purposes only and is not an offer to buy/sell an investment. There are risks associated with investing in Delaware Statutory Trust (DST) and real estate investment properties including, but not limited to, loss of entire principal, declining market value, tenant vacancies and illiquidity. Diversification does not guarantee profits or guarantee protection against losses. Potential cash flows/returns/appreciation are not guaranteed and could be lower than anticipated. Because investors situations and objectives vary this information is not intended to indicate suitability for any particular investor. This information is not meant to be interpreted as tax or legal advice. Please speak with your legal and tax advisors for guidance regarding your particular situation.

Securities offered through Concorde Investment Services, LLC (CIS), member FINRA/SIPC. Advisory services offered through Concorde Asset Management, LLC (CAM), an SEC registered investment adviser. Insurance products offered through Concorde Insurance Agency, Inc. (CIA) Fortitude Investment Group is independent of CIS, CAM, and CIA.

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