Foreman Watson 1031 Exchange Services
Our residential and commercial real estate team helps simplify the 1031 exchange process by coordinating key steps, helping monitor important timelines, and connecting clients with the resources needed for a smoother transaction.
Foreman Watson 1031 Exchange Services
Defer tax on your qualifying real estate transaction through 1031 exchange services leveraging Exchange Manager Pro, patented 1031 exchange workflow technology and the exchange facilitation capabilities of one of the nation's leading Qualified Intermediaries. Our clients can now take advantage of a highly knowledgeable 1031 exchange Inteamisciany without the hassle of searching for one in the marketplace.
What Is a 1031 Exchange?
A 1031 Exchange is a tax deferral tool that allows the seller of qualifying real property to defer taxes on an exchange transaction, including state and federal Capital Gains, Depreciation Recapture, and Net Investment Income Tax, provided that the value of the property sold is reinvested in other qualifying real property.
Multiple requirements must be satisfied for a valid 1031 Exchange.
What Is the Role of a Qualified Intermediary?
Using a Qualified Intermediary (QI) helps facilitate an exchange transaction and conform the transaction to the applicable rules and regulations set forth in IRC §1031. The QI's role includes the following:
- Acquires relinquished property from the Exchanger and transfers it to the Buyer
- Ensures Exchanger is not in actual or constructive receipt of any of the funds from the sale of the relinquished property
- Acquires replacement property from the Seller and transfers it to the Exchanger
- Prepares all related documentation
- Monitors the relevant time periods and provides input to the Exchanger regarding actions necessary to successfully complete the exchange
Benefits of Foreman Watson 1031 Exchange
- In-House Coordination: We help coordinate the 1031 exchange through our team, refucing friction and increasing efficiencies.
- Software Workflow: Patented 1031 software, Exchange Manager ProSM, keeps clients and advisors informaed of transaction timelines, funds available, and other pertinent information throughout the 1031 exchange.
- 1031 Exchange Expertise: Foreman Watson 1031 Exchange provides access to attorneys with subject matter expertise and seasoned Certified Exchange Specialists® CES®.
- Security of Funds*: Have confidence in the security of your exchange funds with insurance coverage amounts found only among the largest exchange facilitators in the industry, including: $50 million Fidelity Bond, $25 million Errors & Omissions, and $20 million Cyber Liability.
Need Help Getting Started?
Our team is here to help coordinate your 1031 Exchange and connect you with the support needed to move your transaction forward.
Contact any Foreman Watson Land Title office for 1031 Exchange service.
*1031 exchange services are provided by a qualified intermediary that is wholly owned subsidiary of Accruit LLC, an Inspira Financial solution. The provider of these materials is not an agent or employee of, nor otherwise affiliated with, the qualified intermediary. The above coverages and processes are available through Accruit, LLC acting as the qualified intermediary.