Welfont Joe Johnson

Welfont Joe Johnson helps clients pair the 1031 Exchange with the lesser known the IRS Section 170 Bargain Sale (written into tax law back in 1917) to create a much more desirable outcome for many sellers. If done properly, the IRS Section 170 Bargain Sale will allow you to divest yourself of a property held in a 1031 Exchange, cash in your chips and pay little to no capital gains tax, depending on the specifics of the transaction.