1031 qualified intermediary

Considering a 1031 exchange? Here’s why it might be a good idea

Many people have business or investment property that they are looking to buy and sell but don’t want to have to pay unnecessary taxes on. If this applies to you, a 1031 exchange might be the way to go. A 1031 exchange is a great tool to defer taxes on capital gains or depreciation recapture. [...]

January 12th, 2017|Categories: 1031 Exchange|Tags: , , |

What’s unique about a reverse 1031 exchange?

While a forward 1031 exchange allows you to first sell your investment property and then buy another one, a reverse 1031 exchange does just the opposite. So if you identify a property you want but still haven't sold your existing one, that is okay. A 1031 reverse exchange can be done for a variety of [...]

November 9th, 2016|Categories: 1031 Exchange|Tags: , , |

Ensure your 1031 exchange funds are secure

In today’s increasingly complex economic environment, greater opportunities arise for mismanagement and misuse of funds, fraud, or even theft. With such unprecedented levels of risk, it is crucial to work with a qualified intermediary (QI) that does more. NES Financial was founded on the principle of delivering best practices. To help differentiate between outstanding and [...]

When referring your clients to a 1031 qualified intermediary, make sure you choose a proven leader

Commercial real estate brokers have many clients, each with different business needs. Whether clients' current strategies are to shift, consolidate, or diversify their portfolios, a 1031 exchange is always a good option to consider. 1031 exchanges are an excellent way to preserve capital and defer capital gains taxes. And no two 1031 exchanges are alike, [...]

September 14th, 2016|Categories: 1031 Exchange|Tags: , , |

1031 exchanges – they’re for more than just real estate

Most people associate 1031 exchanges with real estate. And while a large number of 1031 exchanges do involve real estate, it is not the only type of business or investment property that qualifies for an exchange. Some examples of other exchangeable assets include: Farm and agriculture equipment Manufacturing equipment Construction equipment Cars, trucks, tractors, and [...]

August 25th, 2016|Categories: 1031 Exchange|Tags: , , |

Why a 1031 exchange?

If you are planning on selling and buying business or investment assets, a 1031 exchange is the way to go. Why? Because it allows you to defer taxes on capital gains or depreciation recapture. Of course that raises the question – what types of assets are exchangeable? All real estate is typically considered to be [...]

August 10th, 2016|Categories: 1031 Exchange|Tags: , , |

Are you getting the most out of your 1031 exchanges?

Last month, NES Financial attended the International Council of Shopping Centers’ (ICSC) RECon event, which took place May 22-25 in Las Vegas, Nevada. At the event, NES Financial answered a number of questions regarding our industry-leading EB-5, 1031, and fund administration solutions. Our 1031 solutions garnered particular interest, and drew a number of questions from [...]

June 3rd, 2016|Categories: 1031 Exchange|Tags: , , |

While there are many QIs on the market, not all of them can handle 1031 reverse exchanges

By its very nature, a 1031 reverse exchange is more complex than a 1031 forward exchange, and not every Qualified Intermediary has the capabilities of handling one. A 1031 reverse exchange allows for the acquisition of a new asset before selling your existing one, while still receiving the benefit of deferred capital gains taxes. This [...]

May 12th, 2016|Categories: 1031 Exchange|Tags: , |

When does vacation property qualify for a 1031 exchange?

As the weather gets warmer, taxpayers buying and selling vacation homes may assume their property does not qualify for a 1031 exchange. However, in cases where vacation property has been primarily held for investment or business use, with occasional personal use, it may be possible to defer capital gains tax through a 1031 exchange. In [...]

Help your clients defer capital gains taxes with a 1031 exchange

1031 exchanges have long been a way to preserve capital and defer capital gains taxes. Because every 1031 exchange is unique, it is crucial to work with a Qualified Intermediary (QI) who understands your client’s business and investment needs. As a CRE broker, lawyer, accountant, or other professional, you are always looking for a partner [...]