Atlas 1031 Exchange facilitates exchanges throughout the majority of the United States with the exception of the following states: California, Oregon, Washington, Idaho, Colorado, Virginia and Nevada. Each of these states requires either a Fidelity Bond or use of a Qualified Escrow Account and Error and Omissions Insurance. Given the identified states do not represent areas of the country that Atlas 1031 Exchange is regularly engaged, the business decision was made not to renew either the Fidelity Bond or Error and Omissions Insurance. Atlas 1031 Exchange may renew the insurance coverage in the future.

Section 7701 defines the borders of the United States as all fifty states and the District of Columbia. The Internal Revenue Service (IRS) defined the borders of the U.S. to include the U.S. Virgin Islands given the Exchangor is: (1) A citizen or resident of the United States and (2) Has income derived from sources within the U.S. Virgin Islands, is effectively connected to the performance of a trade or business in the U.S. Virgin Island or files a joint return with an individual who derives an income or is connected to a trade or business within the U.S. Virgin Islands. Both requirements must be satisfied to exchange real property in the fifty states and real property located in the U.S. Virgin Islands. The IRS has not provided guidance regarding Puerto Rico and Guam.

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