A 1031 exchange , or like-kind exchange , allows you to defer various forms of taxes - including capital gains and depreciation recapture - when you sell real estate held for investment purposes and purchase another asset that is deemed like-kind. The ability to do so stems from a 1921 decision in which Congress decided that an investor who continues an investment by selling one property...

What is a Reverse Exchange and What Causes it to Fail? A conventional IRC §1031 tax deferred exchange involves, among other things, a taxpayer’s sale of old property (the “relinquished property”) followed by the purchase of new property (the “replacement property”) within a 180 day period. A so-...

Accruit, a national leading qualified intermediary and back-office managed service provider of 1031 like-kindexchanges announced two new leadership hires today. Britton Goldman joined Accruit in a newly created role of Controller, to strengthen and automate Accruit’s finance, treasury and accounting processes.

Accruit, a financial technology company and qualified intermediary specializing in 1031 exchange services, is pleased to announce its newly-formed technology advisory board, a strategic committee of technology experts. Denver, CO – Accruit’s newly assembled technology advisory board held its...

Accruit Executive Vice President Max Hansen and Associate General Counsel Jordan Born are in Washington, DC for the Federation of Exchange Accommodators' mid-year meeting. On March 12, they will participate in educational sessions on topics surrounding taxes and opportunity zones. On March 13, FEA...