Why should I consider a 1031 exchange?

You may achieve substantial tax savings by implementing a Like-Kind Exchange (LKE) program on various oil & gas properties with help from Petroleum Strategies Inc. Under Internal Revenue Code (IRC) Section 1031, an LKE defers capital gains tax or depreciation recapture on the disposal of obsolete assets and the acquisition of new assets. An LKE can be structured if you first sell an asset (known as a Forward LKE) or buy an asset (a Reverse LKE). To ensure transaction integrity, taxpayers use a Qualified Intermediary (QI). Petroleum Strategies is the nation’s most experienced QI in the energy sector, helping our corporate clients defer millions of dollars in capital gains tax each year.

Are many oil & gas properties exchangeable assets?

What properties qualify for a 1031 exchange?

What does not work for 1031 exchanges in oil & gas?

How long do I have to own my property before I can exchange it?

Can I purchase my replacement property first?

Do I have to re-invest all of my cash?

How long do I have to complete my exchange?

Why choose Petroleum Strategies for your 1031 exchange?


Petroleum Strategies, Inc. does not give tax or legal advice. The information contained herein should not be relied upon as a substitute for tax or legal advice obtained from a competent tax and/or legal advisor.