1031 Exchange

A 1031 exchange allows an investor to dispose of investment property and acquire "like kind" replacement property. Provided that all of the rules are followed, the investor can defer paying capital gains tax that would otherwise have been due on the sale. First American Exchange Company is the nation's top qualified intermediary whose exclusive business is handling 1031 exchanges. First American Exchange offers solid financial strength, experience and nationwide service, and handles exchanges in all 50 states.

Deferred / Simultaneous

A simultaneous or deferred 1031 exchange allows an investor to dispose of investment property and acquire "like kind" replacement property either simultaneously or within 180 days of the closing of the sale.

Reverse Exchange

A reverse exchange allows an investor to close on the replacement property acquisition before the property to be disposed of closes. This is accomplished primarily by having the intermediary or an entity related to the intermediary temporarily take title to the replacement property.

Build to Suit or Improvement

A build to suit or improvement exchange allows an investor to add improvements to the replacement property prior to taking title to it in an exchange. This is accomplished by having the intermediary or an entity related to the intermediary temporarily take title to the replacement property.

Real Estate

An investor can exchange real estate for real estate in a 1031 exchange, provided that the property disposed of and property acquired are held for investment purposes or for use in the investor's business.

Personal Property

An investor can exchange personal property, such as equipment, automobiles, airplanes, art work and copyrights, for other like kind personal property in a 1031 exchange, provided that the property disposed of and property acquired are held for investment purposes or for use in the investor's business.

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1031 Exchange

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