Greater Boston Exchange Co LLC

- 585 Boylston St # 4, Boston, MA 02116

For real estate investors and property owners in Massachusetts, understanding the intricacies of capital gains taxes is crucial for long-term financial success. When it comes time to sell an investment property, the prospect of a significant tax bill can often overshadow the gains. However, a powerful tool known as a 1031 tax-deferred exchange, or "like-kind" exchange, allows savvy investors to defer these taxes and reinvest their earnings into new properties. Navigating this process requires a highly specialized and experienced legal partner. For those in the Boston area, Greater Boston Exchange Co LLC is a dedicated firm that provides the expert guidance and qualified intermediary services needed to execute these complex transactions successfully.

Greater Boston Exchange Co LLC is a firm with a clear and singular focus: 1031 tax-deferred exchanges. Owned and operated by experienced attorneys with over 50 years of combined experience in real estate and tax law, the firm has established itself as a knowledgeable and reliable partner for property owners. They act as a Qualified Intermediary, a neutral third party required to hold the proceeds from the sale of a relinquished property and then use those funds to purchase a replacement property. This role is critical to maintaining the integrity of the exchange in the event of an audit. The firm is an ancillary business of McCue, Lee & Greene, LLP, which further reinforces their deep roots and extensive experience in the legal and real estate community. Their expertise is not just limited to standard exchanges; they also have experience with more complex "reverse" exchanges, where the replacement property is acquired before the original property is sold, showcasing their versatility and problem-solving skills.

The firm’s office is located at 585 Boylston St # 4, Boston, MA 02116, USA, a strategic and highly accessible location in the city. Situated in the Back Bay, the office is centrally located and easy to reach for clients from all over the greater Boston area. The address on Boylston Street is well-served by public transportation, including the MBTA's Green Line, which has several stops within a short walking distance. This convenience is a significant advantage for clients who need to attend consultations or sign documents during a time-sensitive transaction.

In addition to its prime location, the office building is designed with client comfort in mind. The building provides a wheelchair-accessible restroom, a crucial amenity that ensures all clients, regardless of their mobility needs, can be accommodated. The professional and well-maintained environment is conducive to serious business discussions about complex financial and legal matters. While the firm's focus is highly specialized, its commitment to providing a welcoming and accessible space reflects a broader dedication to professional and client-focused service.

Greater Boston Exchange Co LLC specializes in a few key areas that are central to the successful execution of 1031 exchanges. Their services are designed to provide the necessary legal and logistical support to ensure a smooth and tax-compliant transaction.

Services Offered:

• 1031 Exchanges: They provide comprehensive Qualified Intermediary services, holding funds and ensuring all aspects of a 1031 exchange are properly documented and executed according to Internal Revenue Code (IRC) §1031.
• 1031 Tax Deferred Exchanges: This is their core service, helping property owners defer capital gains taxes by structuring the sale and purchase of "like-kind" properties.
• Consulting Services: The attorneys offer expert consulting services to investors, other lawyers, and accountants to help them plan and structure tax-deferred exchanges for their clients.
• Reverse 1031 Exchanges: They have the expertise to handle complex reverse exchanges, a scenario where the replacement property is acquired before the relinquished property is sold, which can be a valuable tool in a tight real estate market.

The firm’s expertise in this specialized field is what makes it a standout choice for real estate investors. Several key features and highlights define their practice.

Features / Highlights:

• Wheelchair Accessible Restroom: The office building is equipped with a wheelchair-accessible restroom, ensuring a comfortable experience for all clients.
• Decades of Experience: The firm is owned and operated by attorneys with over 50 years of combined experience in real estate and tax law, providing a deep well of knowledge.
• Specialized Expertise: Their focus on 1031 exchanges, including reverse exchanges, makes them a go-to resource for a very specific and complex legal need.
• Qualified Intermediary Services: As a Qualified Intermediary, they provide a crucial, required service for any 1031 exchange, ensuring the transaction’s legal integrity.
• Central Boston Location: Situated on Boylston Street, the firm is in a prime location that is easily accessible via public transportation.

Contact Information:

Address: 585 Boylston St # 4, Boston, MA 02116, USA

Phone: (617) 236-5181

What is worth choosing Greater Boston Exchange Co LLC?

For real estate investors in Massachusetts, the decision to engage in a 1031 exchange is a strategic move that can save a significant amount in capital gains taxes. Choosing a qualified intermediary and legal partner is the most important step in this process. Greater Boston Exchange Co LLC is an exceptional choice for several reasons. Their specialized focus on 1031 exchanges means they are not general practitioners; they are experts in a very specific area of tax and real estate law. This specialization allows them to provide a level of nuanced, detailed guidance that is essential for a successful transaction. The decades of combined experience held by the firm's attorneys provide a strong foundation of knowledge and a proven track record.

Furthermore, their ability to handle both standard and complex reverse exchanges demonstrates their versatility and problem-solving skills. They understand the time-sensitive nature of these transactions and the importance of adhering to strict IRS regulations. For a professional who is not only a Qualified Intermediary but also a legal and tax consultant, Greater Boston Exchange Co LLC offers a valuable and comprehensive service. They are committed to providing the guidance and support needed to ensure that property owners can successfully defer their capital gains taxes and continue to grow their investment portfolios. For anyone in the Massachusetts area seeking a knowledgeable and reliable partner for a 1031 exchange, this firm is a highly recommended and trustworthy choice.

Greater Boston Exchange Co LLC

585 Boylston St # 4, Boston, MA 02116, USA