Andy Gustafson is a managing member of Atlas 1031 Exchange, LLC, a nationwide accommodator of Internal Revenue Code Section 1031. He founded the company in 2007, and has since expanded his professional services into Texas and the Midwest. He has spoken to hundreds of investors at Wealth Camps and Real Estate Investment Clubs nationwide and is a sought after speaker on the topic. As an approved continuing educational provider, he has helped hundreds of Realtors, Attorneys, and CPAs understand the application of the 1031 code. To date he has accommodated over 500 exchanges representing $447,000,000 in exchanged value and deferring over $22,000,000 in taxes.
In 2006, Mr. Gustafson qualified and received the professional designation of Certified Exchange Specialist® (CES®) created by the Federation of Exchange Accommodators to set a standard of 1031 accommodator ethics and excellence. The CES® recognizes his expertise and commitment to providing clients with prudent investment standards and procedures ensuring security and compliance with IRS 1031 regulations.
Mr. Gustafson also works with owners of highly appreciated assets deferring capital gains through Deferred Sales Trusts without the requirement to acquire replacement property.
In 2003, Mr. Gustafson co-founded Old South 1031 Exchange Services, LLC located in Destin, Florida. As President of the company, he accommodated over 300 forward and reverse exchanges of condominiums and rental properties representing over $300 million of worth of exchanged property.
A native of West Lafayette, Indiana, Mr. Gustafson graduated from Vanderbilt University with a Bachelor of Arts in Economics in 1978. For 13 years prior to entering the 1031 exchange industry, he worked in the Enterprise Resource Planning (ERP) manufacturing software market helping companies in North, Central and South America improve production efficiencies.
The experienced Atlas 1031 team assembled to facilitate 1031 exchanges includes:
- Certified Exchange Specialist® following prudent investment standards, Code of Ethics, and knowledge of current 1031 Internal Revenue Service Revenue Procedures;
- Banking Service Providers providing Qualified Escrow Accounts, FDIC security and 24 hour transparency;
- Advisory Board comprised of CPAs, Attorneys and Title Companies.