Millennium Trust Company Acquires Accruit

Accruit has joined Millennium Trust Company

We look forward to continuing to serve our current clients, as well as expanding our footprint by offering our 1031 Exchange services and revolutionary technology solutions to their expansive network of clients.

DEFER CAPITAL GAINS TAX

Utilize a 1031 Exchange on the sale of your investment property and defer not only capital gains tax, but depreciation recapture tax and in some cases state and Net Investment Income Tax.

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1031 EXCHANGE EXPERTS

Accruit is proud to offer our clients best in class service and industry expertise that is unmatched. We are happy to discuss your situation and your 1031 Exchange options at no cost.

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PATENTED 1031 EXCHANGE TECHNOLOGY

Accruit developed and patented the only Internal Revenue Code Section 1031 states that "no gain or loss shall be recognized on the exchange of property held for productive use in a trade or business or for investment if such property is exchanged solely for property of like kind which is to be held for productive use in a trade or business or for investment." 1031 Exchange workflow technology on the market. Exchange Manager Pro^SM standardizes the Internal Revenue Code Section 1031 states that "no gain or loss shall be recognized on the exchange of property held for productive use in a trade or business or for investment if such property is exchanged solely for property of like kind which is to be held for productive use in a trade or business or for investment." 1031 Exchange process and increases efficiencies.

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1031 Exchanges Involving Permits and Leases

05/25/23

There are specific types of intangible real property interests that can qualify for a 1031 exchange including permits and leases. Learn ...

Case Study: Drop & Swap for One Member to Cash-Out and 2nd Member to 1031 Exchange

05/18/23

One of the most common questions our 1031 Exchange Experts hear is surrounding how members in an LLC or Partnership can ...

Common Mistakes to Avoid in a 1031 Exchange

05/11/23

Learn about the common mistakes exchangers make in a 1031 exchange so you can be sure to avoid these pitfalls. Many ...

Accruit Accelerates Growth and Opportunities for Clients with Strategic Sale to Millennium Trust Company

05/04/23

A leading, independent Qualified Intermediary and technology service provider of real estate 1031 exchanges is now part of Millennium Trust Company

How the 1031 Exchange Process has Evolved Over Time

04/26/23

When 1031 Exchanges originated over 100 years ago, it was necessary for the Seller and Buyer to literally exchange the two associated ...

FAQs on the Same Taxpayer Requirement in a 1031 Exchange

04/21/23

One of the requirements in a 1031 Exchange is that the “Same Tax Entity”, or “Same Taxpayer”, that holds title to ...

Millennium Trust Enhances Real Estate Alternative Investment Solutions with Acquisition of Accruit

04/28/23

Latest move accelerates company’s ability to provide clients tax efficient solutions with proprietary and easy-to-use online technology that facilitates ...

Video: 1031 Exchange Regulations in Oregon

04/14/23

A handful of states have enacted regulations for 1031 Exchange Qualified Intermediaries (QIs), Oregon is one of those states. Learn more ...

10 Key Questions to Ask Before Starting a 1031 Exchange

04/11/23

Ever heard of a 1031 Exchange? If you are planning to sell property and interested in deferring taxes associated with the ...

Transfer Taxes, “Mansion” Taxes, and 1031 Exchanges

04/04/23

Many jurisdictions impose a transfer tax upon the sale of real estate, and some include a “mansion” tax on transfers ...

Video: Estate Planning with 1031 Exchanges

03/30/23

1031 Exchanges are a tax deferral tool for qualifying real estate transactions, they are always a way people can build and ...