TIC Explained

An exchange permits investment commercial property property investors to sell a commercial property and defer tax payments by reinvesting the proceeds into a like-kind investment commercial property or commercial properties. 1031 TIC exchanges are a form of commercial property asset ownership in which two or more persons have a fractional interest in an asset. A TIC property investor has the same rights and benefits as a single property investor of commercial property.Internal Revenue Code allows for the reinvestment of proceeds into any like kind commercial property or commercial properties. TIC exchanges forgo any economic gains taxes that may have been realized from such a sale. A qualified 1031 broker can help explain your options with investing in a TIC.

If you have recently sold, or are thinking of selling current investment commercial property, we can assist in matching you with a qualified 1031 broker. Contact us today for a free consultation.