Basics of a 1031 Reverse Exchange

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What is a 1031 exchange?

Kelly Alton goes over the basics of a 1031 Reverse Exchange. A Reverse Exchange enables companies and individuals (exchangers) to structure a 1031 exchange, where the normal Forward Exchange sequence is not feasible. In addition to retaining the benefit of substantial tax deferral on gains from the sale of property, this solution allows great flexibility to accommodate the business needs of the exchanger. For example, the exchanger may improve the property or lease it during the exchange period.

A Reverse Exchange consists of a Forward Exchange, which is either preceded or followed by a Parking Arrangement. IRS Revenue Procedure 2000-37 provides the rules for a "safe harbor" Parking Arrangement. A Parking Arrangement uses a third-party facilitator to park either the relinquished property or the replacement property.

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NES Financial provides technology-enabled services for the efficient middle and back office administration of highly specialized financial transactions. Our custom solutions include EB-5 escrows, 1031 exchanges, and fund administration transactions. Many of the world's largest financial institutions and corporations rely on our proprietary technology, unparalleled expertise, and outstanding services to ensure the secure, transparent, and compliant management of funds. Recognized as the 2013 EB-5 Service Provider of the Year and by Inc. Magazine's 500|5000 as one of the fastest growing private companies in America two years in a row, NES Financial helps companies lower operational costs, reduce risk, and improve ROI.