Personal Property Exchanges

Similar to real property exchanges, a personal property exchange provides the opportunity to defer capital gains taxes and depreciation recapture.

In an ordinary sale of your personal property investments, you are taxed on capital gain as well as depreciation recapture. The recognition of the two combined is often considerable, as many personal property assets are frequently depreciated down to little or no tax basis. Therefore, your tax attorney or tax advisor may suggest a tax-deferred exchange under Section 1031 of the Internal Revenue Code.

A 1031 tax-deferred exchange allows you to dispose of your personal property investments while deferring capital gains tax and, in most cases, depreciation recapture. 

Why work with First American?

  • We have offices throughout the country with many attorneys and Certified Exchange Specialists® on staff.
  • Your Qualified Intermediary will handle your exchange funds with care and trust, offering financial strength, experience and nationwide service, along with solid credentials in facilitating tax-deferred exchanges.
  • First American Exchange strictly deposits exchange funds with FDIC-insured institutions that have investment-grade ratings (or are subsidiaries of investment-grade institutions). First American’s Treasury team closely monitors the financial stability of these institutions. We do not invest any exchange funds in securities.
  • We maintain a multimillion-dollar fidelity bond and a professional liability insurance policy from a leading independent insurance underwriter.

What do we offer?

  • Bilingual staff and brochures in variety of languages, including English, Spanish, Chinese, Vietnamese, Korean, Japanese
  • Online ordering 24 hours a day.
  • Assurance that transactions are handled by knowledgeable, experienced staff members.

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First American Exchange Company

First American Exchange Company



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