1031 Like-Kind Exchanges

If you or your client is looking for a deferral of capital gains tax when selling real estate, you might have heard talk of a "like kind exchange." The talk is true, and the name of the transaction is the "1031 exchange," based on the number of the tax law itself. The 1031 exchange happens to be one of the best--and yet one of the least known--benefits of our current tax code.

A Great Qualified Intermediary Is Essential

A 1031 exchange lets real estate owners keep the profits from the sale of a property by doing a "like kind exchange," and putting those funds directly into the purchase of a "replacement" property. Transacting a 1031 exchange is not particularly difficult, but it does involve many details and deadlines that must be well understood. Fortunately, one of the requirements of a 1031 Exchange is a qualified intermediary --the very person who can lead you through the process.

When you're ready to explore a 1031 exchange further, we're ready to talk to you. Just call Bankers Escrow Corporation at 800.571.6595 or email us at request@bankersescrow.com. We look forward to helping you take advantage of a great tax benefit.

Experts At Like-Kind Exchanges & 1031 Exchange

At Bankers Escrow Corporation, 1031 exchanges are part of the core of our business. Unlike many companies that deal with 1031, or like-kind exchanges, we at Bankers Escrow Corporation are all CPAs, attorneys, exchange specialists, or escrow officers so when you call us, you know you're speaking with an expert. Our group brings 90 collective years of experience to the table and we take great pride in providing personal, easy-to-understand, expert service to our clients.