Let us help shelter you from the stormiest elements of an exchange.
Shelter 1031 LLC is powered by Accruit
Let us help shelter you from the stormiest elements of an exchange.
Shelter 1031 LLC is powered by Accruit
Shelter 1031 LLC is powered by Accruit
Shelter 1031 LLC is powered by Accruit
Section 1031 of the Internal Revenue Code allows owners of qualified real estate to sell the property without paying taxes on the gain from the sale, as long as the sale proceeds or exchange value is used to acquire like-kind replacement property for investment or business use. To realize the benefits of a 1031 Exchange, a property owner generally employs the service of a Qualified Intermediary (QI). We are proud to offer you Qualified Intermediary services from Accruit to help you navigate this complex process.
A 1031 exchange, or like-kind exchange (LKE), allows you to defer various forms of taxes—including capital gains, depreciation recapture, and state tax in most states. You can be eligible for a 1031 Exchange when you sell real estate that meets these requirements.
Click HERE to learn more about 1031 exchanges and FAQs.
These are the typical steps for a delayed exchange:
Step 1
Review our website materials and schedule a call with us to discuss the 1031 exchange process. If you have questions about whether to exchange your rental property, or if you have questions about options for investing in a replacement property, Shelter 1031 has resources to help you make an informed decision.
Step 2
While you are in escrow to sell your business or rental property, establish an account with us to coordinate your 1031 exchange. Shelter 1031 will reach out to your escrow agent to ensure a smooth transition.
Step 3
When your relinquished property is sold, the net sales proceeds will transfer directly from escrow to our back office, Accruit, which serves as the “Qualified Intermediary” in your exchange.
Step 4
Within 45 days of your sale, identify your potential replacement properties. In some cases, you may complete your exchange purchase in less than 45 days, making an Identification Letter unnecessary.
Step 5
Sign Exchange Documents authorizing Accruit to purchase your replacement propert(ies) on your behalf (must be completed within 180 days).
A Delayed or Forward Exchange allows you to sell an investment property and purchase a new one within a specific amount of time. This is the most common 1031 exchange scenario.
A Reverse or Parking Exchange occurs when you purchase
your replacement property prior to selling your relinquished
property. The typical order of events in a 1031 exchange occur in
reverse, hence the name.
Construction Exchange transactions are complex tax-deferred strategies that allow improvements to be completed on a replacement property before taking title.
A Simultaneous or Same Day exchange and completion takes place when contracts are exchanged on the same day for the relinquished and replacement properties.
Services offered through Concorde Investment Services, LLC (CIS), member FINRA/SIPC. Advisory services offered through Concorde Asset Management, LLC (CAM), an SECregistered advisor. 1031 Capiral Solutions is independent of CIS and CAM.
Shelter 1031 LLC is powered by Accruit
44 Cook Street, Suite 100 | Denver, CO 80206
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