As a national Qualified Intermediary servicing 1031 Exchanges, we often get questions about whether or note an LLC can participate in a 1031 Exchange. Watch this short video to learn that answer, as well as other considerations in regards to LLCs and 1031 Exchanges.
Category: Video Series 1031 University
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Video: Can an LLC do a 1031 Exchange?
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Video: Can an LLC do a 1031 Exchange?
As a national Qualified Intermediary servicing 1031 Exchanges, we often get questions about whether or note an LLC can participate in a 1031 Exchange. Watch this short video to learn that answer, as well as other considerations in regards to LLCs and 1031 Exchanges.
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Video: Can an LLC do a 1031 Exchange?
As a national Qualified Intermediary servicing 1031 Exchanges, we often get questions about whether or note an LLC can participate in a 1031 Exchange. Watch this short video to learn that answer, as well as other considerations in regards to LLCs and 1031 Exchanges.
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Video: Common 1031 Exchange Myths
As a leading Qualified Intermediary, Accruit often hears common myths or misconceptions in relation to 1031 exchanges, also known as tax deferred exchanges. Watch this video to get the real facts around 1031 exchanges.
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Video: Common 1031 Exchange Myths
As a leading Qualified Intermediary, Accruit often hears common myths or misconceptions in relation to 1031 exchanges, also known as tax deferred exchanges. Watch this video to get the real facts around 1031 exchanges.
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Video: Common 1031 Exchange Myths
As a leading Qualified Intermediary, Accruit often hears common myths or misconceptions in relation to 1031 exchanges, also known as tax deferred exchanges. Watch this video to get the real facts around 1031 exchanges.
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1031 Exchange Explained by Accruit – Your Trusted Qualified Intermediary
When you sell a piece of real estate the value of which has appreciated overtime, you have to pay a lot of taxes. After all you can’t really fully benefit from your real estate investment without paying taxes, can you? Actually, you can.
Back in 1921 Congress concluded that an investor simply switching from one property to another was only continuing the same investment and should not incur a taxable event. They called this a qualified intermediary or ‘QI’ such as Accruit, to process the exchange of properties. Next, transfer the property your relinquishing through the QI to the buyer. The QI holds the funds on your behalf for the time of sale to the time of purchase. Within 45 days, settle on possible new properties and within 180 days close on the replacement property which the QI acquires with the money held from the initial sale. The new property is transferred through the QI to you investor completing the task exchange between you and the QI.
When you partner with a trustworthy and experienced QI Accruit today.
