1031 exchange properties in Panama City, Florida have the benefit of the sun, the beach and a new International airport opening in 2010 that will provide an influx of vacationers looking to enjoy the warm weather. The benefit of a 1031 exchange is that it defers the capital gains tax when an exchange is initiated by engaging a qualified intermediary to prepare the exchange documentation prior to the closing and holding the exchange proceeds in a secure escrow account for use towards purchasing the replacement property.
The Certified Exchange Specialist on staff at Atlas 1031 Exchange has been providing qualified intermediary services to professional advisors and their clients since 2003. We serve individual investors, non resident alien individuals and foreign corporations, new and old to 1031 exchanges along with businesses who purchase and sell commercial properties. A variety of 1031 exchange properties are eligible for 1031 exchanges including:
Atlas 1031 Exchange serves individuals, trusts, hospitals, business owners, corporations and referrals from Lenders, Realtors, CPAs, Attorneys, Financial Planners 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.
Exchange funds are deposited into non commingled, interest bearing, (FDIC) insured accounts in multiple banks if needed. Disbursement procedures require either dual signatures or a personal identification number known only between the bank. Exchange proceeds are held in liquid money market accounts under the Exchangor’s social security, employer identification or international taxpayer number.
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