What is a 1031

Section 1031 of the Internal Revenue Code provides that no gain or loss shall be recognized on the exchange of property held for productive use in a trade or business, or for investment. A tax deferred exchange is a method by which a property owner trades one or more relinquished properties for one or more replacement properties of like-kind, while deferring the payment of federal income taxes and some state taxes on the transaction.

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125.5 ACRES HERMON, ST. LAWRENCE COUNTY, NY
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"David and his staff are true professionals because they genuinely care about their customers' needs and are passionate about their work. I am very pleased with my decision to have placed my trust in David and his team. I was thrilled when my property sold near the listing price. I highly recommend Vandewater & Associates, Inc. to anyone contemplating buying or selling their property in the Adirondack's and surrounding area."

"I would also like to add a special thanks to the ongoing friendly and thorough service by Marilyn in the office!!"

May your future be filled with success and prosperity.

Thank you for everything.

Best wishes,

Willard and Iris

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Willard Williams