1031 Exchange Properties in Alabama
From condominiums on the Gulf Coast beaches of Southern Alabama to loblolly pine timberland, Alabama has an active 1031 exchange market. Real property held for productive use in a trade or business or investment represent real property eligible for 1031 consideration.
1031 exchange properties all have in common similar intent and fact patterns. The intent is to hold the property for investment or for use in a business or trade. The fact pattern supports the intent including how long the property was held, how the property is reported on federal and state tax returns, was the property in a rental pool and was there limited personal use. There is a wide range of real and personal 1031 exchange properties that when sold can defer the federal and state capital gains tax along with the recaptured depreciation.
1031 Exchange Properties
Atlas 1031 Exchange works with individuals and professional advisers to accommodate 1031 exchanges as part of tax planning strategies. 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.
We manage each 1031 exchange meticulously, holding the exchange proceeds in non commingled, interest bearing accounts, secured by the Federal Deposit Insurance Corporation (FDIC). Multiple banks can be used to hold the 1031 exchange proceeds. Accounts are secured by either a personal identification number known only to the Exchangor and the bank or a Qualified Escrow Account requiring dual signatures to authorize disbursement.
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