New York City Real Estate Lawyer Natalia Sishodia Explains Benefits of a 1031 Exchange Delaware Statutory Trust (DST)

New York City real estate lawyer Natalia Sishodia (https://sishodia.com/benefits-of-a-1031-exchange-delaware-statutory-trust-dst/) explains the benefits of a 1031 Exchange Delaware Statutory Trust (DST). The lawyer mentions that in New York, real estate investments come in many forms in order to give the investors more variety in their choices.

According to the New York City real estate lawyer, “A real estate investment may also involve many tax considerations, so it is normal for investors to look for options that will limit their tax liability. This is where a 1031 exchange comes in.”

New York City real estate lawyer

The lawyer explains that a 1031 exchange refers to a swap/exchange of property that is held specifically for business or investment purposes. In a 1031 exchange, an investor may be able to exchange an investment property for another of the same kind to avoid paying capital gains on the sale of the property.

Attorney Sishodia also mentions that a 1031 exchange does not have any limit on how many times or how frequently an investor is allowed to do 1031 exchanges. A 1031 exchange may be beneficial to investors however, IRS requirements may be difficult. This is why some investors turn to the Delaware Statutory Trust (DST).

In the article, the lawyer also discusses that a DST is an entity that is recognized as a trust establishment. A DST is a term that is used to describe similar entity types in any state, not just Delaware. Oftentimes, a DST is used for real estate investments and is popular with 1031 exchanges.

Furthermore, attorney Sishodia says that in order to benefit from DST, an investor may be able to sell the original investment property for an interest in a DST and become a fractional owner. Transferring ownership from a 1031 property into a DST removes the responsibility of managing the 1031 property from the owner.

Lastly, attorney Natalia Sishodia emphasizes how important it is to seek the help of an experienced attorney when it comes to real estate transactions. Having a skilled real estate attorney may help ease the burden of understanding complex terms from the customer and may guide them into making a more informed decision.

About Sishodia PLLC
Sishodia PLLC’s team of professional New York real estate attorneys pride themselves on their ability to navigate complex real estate laws and intricacies to offer the most comprehensive advice and guidance possible for their clients. The lawyers at Sishodia PLLC take time to fully understand each client’s unique goals and circumstances, minimizing potential risks and issues. Call them today at (833) 616-4646 for a consultation.

###

For more information about Sishodia PLLC, contact the company here:

Sishodia PLLC
Natalia Sishodia
+18336164646
natalia@sishodialaw.com
600 Third Avenue 2nd Floor, New York, NY 10016, United States

FacebookTwitterGoogleDiggRedditLinkedIn