1031 Qualified Intermediary
Lawyers Equity Exchange LLC
A 1031 Exchange allows real estate investors to defer capital gains taxes when they purchase replacement property within the required time period and follow certain rules. Lawyers Equity Exchange is a qualified intermediary that can help you with your next 1031 exchange transaction.
Need to Know
1031 Basics
1. Property must be held for investment purpose.
2. The same Taxpayer that starts the Exchange must complete the Exchange.
3. Time Requirements: 45 Day Identification & Limited to 180 Days total.
4. Napkin Test: to defer all tax, you must replace equal or greater value.
5. Taxpayer must not have constructive receipt of funds.
Plan your exchange
- Forward
- Reverse
- Construction
Whether it is your first time completing a 1031 Exchange, or your 100th time, careful planning can make all the difference in success. Each Exchange is different and requires thoughtful planning. Contact us today to start the 1031 planning process.
White Glove service
Professionals who care
We don't believe that 1031 is a one-size fits all solution. Our professionals are dedicated to make sure you have the right answers to fit your real estate business plan.
Lawyers Equity Exchange, LLC provides 1031 services as a qualified intermediary. The team is made of professionals with the legal expertise to walk clients through difficult issues that may arise – including reverse exchanges, construction, departing partners, unusual replacement properties, and many others. We are dedicated to providing personalized service for every client, and will even go the extra mile to coordinate the 1031 strategy with other advisors such as the client’s CPA, attorney, or real estate broker without any additional cost. Additionally, we safeguard funds by partnering with a strong local bank and have FDIC protection on all exchange funds, above and beyond the $250,000 limit.