Tax Deferred Exchange Resources
Tax deferred exchanges have been a part of the Internal Revenue Code for almost 100 years. Not surprisingly, the volume of IRC Section 1031 exchanges has grown exponentially since the concept of allowing a 180 day exchange period was approved in 1984.
Read on to see how you can benefit from selling one highly appreciated investment property and replacing it with one or more properties anywhere in the country.
A 1031 exchange essentially allows you to move your property's cost basis from one qualifying property to another while deferring your capital gain taxes. This means that your reasons for exchanging can be as numerous as the properties that are available to you.
Deferral of capital gain and depreciation recapture taxes
Dramatically increasing your buying power
Exchanging for multiple properties and diversification
Plan First
Always plan your exchange first to streamline the process.
Select Intermediary
Select the Faciltator to hold your funds during the exchange.
Sell Relinquished
Execute your exchange documents and close on the sale of your Relinquished Property.
ID New Property
Within 45 days identify your candidate Replacement Properties.
Buy Replacement
Acquire Replacement Property within 180 days and report the exchange on your tax return.
We've partnered with Fyntex, one of the tax deferred exchange industry's leading 1031 facilitators. Their advisory services and processing platform provide any property owner with a white glove Exchanger experience.
Often, time is of the essence in getting your exchange started. Fyntex can take your exchange from planning to documents in minutes, not days.
Your Exchanger experience is improved with ready and securely encrypted access to your documents, 1031 funds, and all communications.
Fyntex only uses Restricted 1031 Accounts. This means your funds will never move without your written authorization and that of a Fyntex Officer.
Fyntex leads the tax deferred exchange industry with advanced processing technologies, experienced personnel and unsurpassed funds security.
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