What is a 1031 Exchange in South Dakota?

A 1031 Exchange (also called a like-kind exchange) is a swap of one business or investment asset for another.

A 1031 Exchange allows you to sell an appreciated asset (generally rental or investment real estate) and defer the payment of your capital gain taxes by acquiring one or more replacement properties.

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About Swier Law Firm's Agricultural Law Practice Group

Swier Law Firm's Agricultural Law Practice Group handles the following types of agricultural law issues:

Crop Insurance Disputes
Business Planning
Contracts
Clean Air Act
Environmental Law
Estate Planning
Insurance
Leases
Real Estate
Taxation
Water Law
Preparing, Revising and Updating Farm Operation Governance and Compliance Materials, including Bylaws, Committee Charters, and Compliance Policies.

Take a look at our valuable agricultural law books and articles. Our materials are full of tips and advice. All materials are written by the law firm's nationally recognized agricultural law attorneys and provide detailed South Dakota-specific information designed to help anyone with agricultural law issues. You can request your free copy by clicking on the book cover below.