1031 Exchange Properties in Dallas and Fort Worth, Texas
Dallas and Fort Worth, Texas represent a strong 1031 exchange market. Individual and corporate investors who hold real property for investment or for use in their business or trade initiate 1031 exchanges to defer capital gains and recaptured depreciation taxes when the property is sold.
The Certified Exchange Specialist on staff has been providing Qualified Intermediary 1031 exchange services to professional advisers and their clients for a variety of real property since 2003. Texans have exchanged gas and convenience stores, food franchises, oil and gas interests, ranches, single family rental and vacation properties, apartments and motels.
1031 Exchange Properties
1031 exchange properties share common intent and facts that support the intent to hold real property for investment or for business. Facts supporting 1031 exchange properties include minimal personal use, whether the property was held in a rental pool, rented or leased, how the property was reported on federal tax returns, and was it depreciated. The following is a partial list of 1031 exchange properties.
Referrals are received from Accountants, Title Companies, Banks, Financial Planners, Lawyers, Commercial and Investment Realtors. There are many types of exchanges including forward or delayed, simultaneous, reverse, build to suit and personal property exchanges. Each follows 1031 exchange requirements providing 1031 security and transparency.
Atlas 1031 Exchange manages each exchange carefully, depositing 1031 exchange proceeds in non commingled interest bearing accounts insured by the Federal Deposit Insurance Corporation (FDIC). Multiple banks can be used to hold the 1031 proceeds. Each account has the option to use a personal identification number known only to the Exchangor and bank or a Qualified Escrow Account requiring the Exchangor's notarized signature authorizing the disbursement.
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