Qualified Intermediary
Like-kind exchanges
When you are selling a property to purchase a similar property elsewhere, there may be significant tax consequences to the transaction. The law firm of Sloan & Eland is a Kansas 1031 "Qualified Intermediary" that can help you reinvest your proceeds in a new property, tax-free, so that you complete the transaction without any tax consequences.
Free initial consultation
(785) 675-3217
We are an experienced firm in handling IRC 1031 tax-free exchanges throughout the state of Kansas. We have helped clients legally avoid taxation on the sale and purchase of their properties as follows:
Accounting: If any of the sale proceeds of your property spill over to your personal or business account, they become taxable. As a Kansas 1031 Qualified Intermediary and a professional law firm, we can create a tax-protective, qualified escrow account for your proceeds until the transfer is completed.
Property qualification: Whether you have personal property or real estate, certain criteria must be met in order for you to receive the 1031 tax-free exchange benefits. As an experienced 1031 tax-free property exchange qualified intermediary, we can help you review the criteria against the type of property you are interested in so that you can make your exchange totally tax-free.
Documents: Our Qualified Intermediary gathers and drafts the needed legal documents for proper execution of both the selling property and the purchasing property so that your sale transfer will be completely tax-free.
Closing: We work closely with individuals, other attorneys, CPA's (Certified Public Accountants), and banks to ensure a 1031 exchange is legally intact from the initial application to the closing of the transaction.
Timing: Inappropriate processing can delay the transaction, and tax, therefore, can be imposed on the transfer. Our professional Qualified Intermediary will help you correctly process your exchanges in a timely manner.
Contact us today to schedule a consultation with an experienced lawyer and Qualified Intermediary to assist you with you IRC 1031 exchange.
Free initial consultation
(785) 675-3217
Sloan & Eland
The law office of Sloan & Eland represents clients in agriculture law, real estate law, 1031 tax-free property exchanges, and other matters in Hoxie, Kansas, and throughout nearby counties, including Cheyenne, Decatur, Ellis, Gove, Graham, Logan, Norton, Phillips, Rawlins, Rooks, Sheridan, Sherman, Thomas, Trego, and Wallace. For 1031 tax-free exchanges, the firm's qualified intermediary also operates statewide.
