A 1031 exchange is an Internal Revenue Service approved 
strategy to defer federal capital gains and recaptured depreciation taxes when selling real and both tangible and intangible personal property. The 1031 code is used as much by the individual investor owning a rental property to the commercial property owner of a shopping mall to the Fortune 500 company who routinely replace their fleets of vehicles, trucks and manufacturing equipment.
In Indianapolis and surrounding areas, land, farms, conservation easements are the typical type of property exchanged. More recently foreclosures and short sales represent buying opportunities for businesses and the individual investor. 1031 exchange properties include:
Atlas 1031 Exchange works with individuals and professional advisors to accommodate 1031 exchanges as part of tax planning strategies. Typically, referrals are received from commercial and investment Realtors, Attorneys, CPAs, Financial Planners, Lenders, and Title Companies. There are many types of exchanges including forward or delayed, simultaneous, reverse, build to suit and personal property exchanges. Each follows 1031 exchange guidelines, rules and 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 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 the Exchangor's notarized signature for disbursement.
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