Berkshire 1031 Exchange, LLC
A 1031 Exchange is a way of deferring your taxable gain on an investment property. Section 1031 is a section of the Internal Revenue Code, to allow anyone who meets all the requirements to sell their property and defer paying taxes on the gain. By selling your investment real estate, replacing it with like-kind investment real estate, and completing an exchange, you can defer payment of the capital gains tax normally required on these sales.
Berkshire 1031 Exchange, LLC is a wholly owned subsidiary of The Berkshire Bank, the Bank whose high quality of service and products you already know. Your funds from the sale of your investment property will be deposited in a 1031 Savings Account at the Bank and will earn a highly competitive rate. Just call our knowledgeable exchange professionals for a complimentary consultation regarding your exchange at (212) 802-1000.