By its very nature, a 1031 reverse exchange is more complex than a 1031 forward exchange, and not every Qualified Intermediary has the capabilities to handle reverse exchanges. 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 type of exchange can be done for a variety of assets and provides the flexibility needed to make a 1031 exchange work while accommodating the needs of your business.
As the leader in 1031 reverse exchanges, NES Financial offers a highly experienced team of exchange specialists. In fact, our General Counsel is a recognized expert on 1031 exchanges, having developed significant 1031 guidance during her tenure at the IRS National Office in Washington, D.C.
We also have highly experienced in-house attorneys proficient in all types of 1031 exchanges, including real estate, oil & gas, aircraft, and art exchanges. Unfortunately, recent regulations has limited 1031 exchanges to only real estate. As well as a Client Services team with decades of experience in various 1031 exchanges.
Many people tend to select a QI without really qualifying them on their experience. But at the end of the day, having a QI with the right breadth of experience and expertise can make or break your 1031 exchange. So it’s worth putting in some time to find the right that can handle 1031 reverse exchanges.
What is a 1031 exchange? Learn more by downloading our 1031 Exchange Kit.
Allow us to address your business needs by contacting us. We look forward to hearing from you!