1031 Exchange
Section 1031 of the IRS code permits investors to dispose of an existing property and acquire another "like-kind" investment without recognizing income on the transaction because the capital gains tax is deferred.
Through 1031 Exchange, we help you structure a safe deferral, with strategic reinvestment into the replacement property and a competitive return on the tax deferred proceeds. And because Comerica’s 1031 Exchange Services fully comply with all Treasury Department regulatory requirements, you can have the fullest confidence in the transaction.