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Since 1993, The Case Bowen Company has faithfully served The Columbus Real Estate Community by providing a variety of companies. Through the dedication of our long-tenured workers, we make your property‚Äôs wants a priority. If you’re in need of recent representation, please contact us at present at .

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There are several rules to know when finishing a 1031 change concerning the acquired property and the timetable concerned. Be sure to do your homework (or seek qualified advice) before beginning the process. As we simply noticed, the depreciation deduction could make a big dent in your tax bill. The caveat is that when a business property is sold, the IRS primarily takes that tax profit back via a tax often known as depreciation recapture.