TIC Explained
TIC Explained
A
starker exchange permits investment owners to sell a
rental property and defer tax payments by reinvesting the proceeds into a like-kind investment
rental property or rental properties. 1031
TIC exchanges are a form of just such a like kind investment.
TIC ownership is an investment in which two or more persons have a fractional interest in an asset. A
TIC owner has the same rights and benefits as a single
owner of rental property. The theory behind IRS section 1031 is to allow the
owner to reinvest the sale proceeds into another rental property, foregoing any economic gains that may have been realized from the sale. A qualified
starker expert can help explain your options with investing in a TIC.
If you have recently sold, or are thinking of selling investment rental property, we can assist in matching you with a qualified starker expert. Contact us today for a free consultation.