1031 Exchange/Tenants-in-Common (TICs)
By meeting certain requirements, owners of business or investment real estate can exchange their appreciated properties for like-kind investment properties and may defer taxes on the gain using IRS Section 1031. Ameriprise Financial handles 1031 Exchanges through our Tenants-in-Common (TIC) program.
This includes clients who own:
- Farms
- Rental properties
- Undeveloped land
- Commercial property
TIC investments are complex and will require in-depth involvement of your independent tax and legal counsel. TIC interests are illiquid and have limited transferability.
How can a 1031 Exchange/TIC program help you?
A TIC program can give you a choice of replacement investment properties to complete a 1031 Exchange. It will help you find property more easily while staying within the 45-day IRS identification requirement. The program provides properties located all over the U.S. in all four major sectors of commercial real estate:
- Multi-family
- Office
- Industrial
- Retail
Investors should always seek advice from their own tax and legal counsel. The products are illiquid and have transfer restrictions. Tenants-In-Common interests are unregistered securities. Accordingly, they are deemed to be speculative and involve a high degree of risk.
This material is for informational use only. It is not intended to provide, and should not be relied upon, to provide tax or accounting advice. Investors should always seek advice from their own tax and legal counsel.
Investment products are not federally or FDIC-insured, are not deposits or obligations of, or guaranteed by any financial institution, and involve investment risks including possible loss of principal and fluctuation in value.
Brokerage, investment and financial advisory services are made available through Ameriprise Financial Services, Inc. Member FINRA and SIPC.
For public distribution. © 2008 Ameriprise Financial, Inc. All rights reserved.