At 1031 Exchange Place, our advisors have been working with clients since 1997 to help facilitate exchanges, protect income from unnecessary taxes, and safeguard investments according to IRS rules.
We are Qualified Intermediaries (QI) and experts at 1031 exchanges.
A 1031 is a complex transaction, and if it is not executed properly, you could be responsible for hundreds, or even thousands, of dollars in taxes owed to the IRS. Through 1031 exchanges, we offer services that will help you defer, or in some cases even eliminate, the taxes owed on capital gains from a real estate transaction. In a typical transaction, the property owner is taxed on any gain realized from the sale, even if you are planning to invest those gains. For sellers who plan to reinvest the money you earn in new real estate, you can work with the Qualified Intermediaries (QI) at 1031 Exchange Place; we receive and disburse the funds earned on your relinquished property until you purchase the replacement property, a requirement by the IRS to get the tax deferment.
Learn more about the basics of a 1031 exchange »
When the taxpayer engages the services of a QI, pursuant to an exchange agreement, the IRS does not consider the taxpayer to be in receipt of the funds. The sale proceeds go directly to the QI, who holds them until they are needed to acquire the replacement property. The QI then delivers the funds directly to the closing agent who deeds the property directly to the taxpayer. As an established QI, it is our job to make sure your 1031 exchange complies with current law so that the potential capital gains tax is deferred and that your funds remain safe until utilized.
If you are an investor looking to sell current property or real estate that you own, but you are not sure where or how you will reinvest the money that you make on the sale, our services for 1031 exchanges include analysis and research to help you identify suitable properties that fit your current investment strategy and fit well in your overall portfolio. Since 1031 exchanges have strictly mandated time requirements, it can be stressful to find just the right property before losing out on the benefits of the 1031 exchange. The experts at 1031 Exchange Place can review your investment objectives, risk tolerance, property and location parameters, and other criteria.
If you have never worked with a 1031 exchange transaction or a QI in the past, we offer a free consultation to discuss whether a 1031 could work for you. Please note that we cannot give legal or tax advice.
Our staff has over 20 years of 1031 exchange experience. Very few 1031 exchange intermediaries are lead by a real estate attorney who understands the legal aspects of complying with 1031 laws, rules, and regulations. Let 1031 Exchange Place provide you with a safe, compliant, and proficient 1031 exchange. See what makes us different and what makes us better »