Farmland 1031 Exchange

Mike owned a labor-intensive hog farming operation in Iowa and sought to reduce the hours he was working and gain an increase in cash flow. He and his son owned several parcels of farmland in corporations, LLCs, and individually.

Solution:

For each of the entities that were sold, Mike elected to do a 1031 exchange into several DSTs for diversification. The DSTs purchased were multifamily assets in Denver, CO, Alexandria, VA, Myrtle Beach, SC, Corporate Headquarters for a major coffee retailer, several healthcare assets, a grocery store, and a senior care facility. The client is enjoying significantly more passive cash flow in the DST investments than he was earning while working as a hog farmer.

1031 Farmland Exchange

A 1031 Exchange can provide a tax savings opportunity for farmland owners. Sellers of farmland can benefit from tax deferral under Internal Revenue Code Section 1031.

For more information on Farmland 1031 Exchanges, contact 1031 DST Solution presented by Corcapa 1031 Advisors (949) 722-1031 for detailed information of how you can benefit from a 1031 Exchange.