§1031 Exchange & DST Investments
Unlock tax advantages and passive income potential with §1031 Tax-Deferred Exchanges and Delaware Statutory Trust (DST) investments.
Like-Kind Property
This refers to the nature or character of the property, not its grade or quality. You can exchange most types of investment real estate for other investment real estate. Examples include:
Exchanging Up
To achieve a fully tax-deferred exchange, the general rule is to exchange for a property of equal or greater value, and to reinvest all equity and maintain or increase debt.
Boot
If you receive non-like-kind property (e.g., cash or mortgage relief) in an exchange, it's considered "boot" and may be taxable to the extent of your capital gain.
What is a DST?
A DST is a legal entity that holds title to real estate. Investors purchase beneficial interests in the trust, which qualify as "like-kind" property for 1031 exchanges (per IRS Revenue Ruling 2004-86). This structure allows for passive ownership and access to larger, professionally managed properties.
Key Benefits of DST Investments
- Tax Deferral: Seamlessly complete a 1031 exchange.
- Passive Ownership: No landlord responsibilities.
- Diversification: Invest in multiple properties or asset classes.
- Access to Quality: Institutional-grade real estate.
- Professional Management: Properties managed by experienced sponsors.
- Estate Planning: Potentially simplified wealth transfer.