Save Capital Gains Tax The Qualified Way
If you are planning on selling an investment property, you may face a large capital gain that could be subject to federal and state taxes. A tax-deferred exchange under Section 1031 of the Internal Revenue Code allows you to sell investment properties and acquire "like-kind" properties while deferring federal, and possibly state, capital gains taxes.
In order for you to receive tax-deferred treatment, an independent party must act as a Qualified Intermediary to hold your funds between the sale of your relinquished property and the purchase of your replacement property. In addition to providing Qualified Intermediary services, Exchange Services, LLC offers a wealth of knowledge and experience to assist you with your 1031 exchange transaction.
Gain a Powerful Investment Tool
With your exchange funds held at a bank affiliated with Exchange Services, you have the security of a regulated financial institution and FDIC insurance up to $250,000, through the end of 2013. Such funds will be held in a Qualified Trust account for your benefit, where they will only be disbursed with your written approval.
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The information contained herein is for informational purposes only and does not constitute tax, legal, or accounting advice. You are advised to seek appropriate professional advice regarding your specific facts and circumstances. All exchange and qualified intermediary services are offered through Exchange Services, LLC, a Utah limited liability company and subsidiary of Zions First National Bank, an affiliate of California Bank & Trust, Vectra Bank Colorado, National Bank of Arizona, and Nevada State Bank.