Accruit hits it’s 10,000th 1031 Exchange using Exchange Manager ProSM

While The transfer of the relinquished property to the Qualified Intermediary, and the receipt of the replacement property from the Qualified Intermediary is considered an exchange. To be compliant with IRC Section 1031, the transaction must be properly structured, rather than being a sale to one party followed by a purchase from another party. Exchange 10,000 is a milestone in itself, it is only made more memorable by the fact it is for a loyal, repeat customer Joe Nistler of Helena, Montana. As a long-time client of Max Hansen, one of Accruit Managing Directors and staff attorneys, Mr. Nistler has completed several exchanges with Accruit.

“My family and I have used Accruit as our Qualified Intermediary for many 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 transactions. I was very pleased to learn that my most recent transaction was the 10,000th exchange Accruit completed using their software, Exchange Manager Pro^SM. I firmly believe The transfer of the relinquished property to the Qualified Intermediary, and the receipt of the replacement property from the Qualified Intermediary is considered an exchange. To be compliant with IRC Section 1031, the transaction must be properly structured, rather than being a sale to one party followed by a purchase from another party. Exchange Manager Pro^SM has been instrumental in allowing Max Hansen, one of Accruit's Managing Directors, and Michele Smith, Client Service Specialist, as well as the rest of the Accruit team to provide their top shelf service for my 1031 exchange transactions. The service that Accruit provides via The transfer of the relinquished property to the Qualified Intermediary, and the receipt of the replacement property from the Qualified Intermediary is considered an exchange. To be compliant with IRC Section 1031, the transaction must be properly structured, rather than being a sale to one party followed by a purchase from another party. Exchange Manager Pro^SM for the real estate investor community in Montana and beyond reflects their commitment to the idea that whether transactions are big or small, each customer is a big deal,” stated Joe.

Michele Smith, Senior Client Service Specialist at Accruit recalls processing her first transaction with The transfer of the relinquished property to the Qualified Intermediary, and the receipt of the replacement property from the Qualified Intermediary is considered an exchange. To be compliant with IRC Section 1031, the transaction must be properly structured, rather than being a sale to one party followed by a purchase from another party. Exchange Manager Pro^SM shortly after its release in early 2018. And just five short years later she is now processing The transfer of the relinquished property to the Qualified Intermediary, and the receipt of the replacement property from the Qualified Intermediary is considered an exchange. To be compliant with IRC Section 1031, the transaction must be properly structured, rather than being a sale to one party followed by a purchase from another party. Exchange 10,000 for Mr. Nistler.

“Working with clients like Joe is one of my favorite parts of processing exchanges. The transfer of the relinquished property to the Qualified Intermediary, and the receipt of the replacement property from the Qualified Intermediary is considered an exchange. To be compliant with IRC Section 1031, the transaction must be properly structured, rather than being a sale to one party followed by a purchase from another party. Exchange Manager Pro^SM is a wonderful tool for a smooth transaction, but verbally connecting with the clients adds a personal touch which makes it very exciting to see clients return to us because of our hospitality,” stated Michele.

“ The transfer of the relinquished property to the Qualified Intermediary, and the receipt of the replacement property from the Qualified Intermediary is considered an exchange. To be compliant with IRC Section 1031, the transaction must be properly structured, rather than being a sale to one party followed by a purchase from another party. Exchange Manager Pro^SM continues to revolutionize how the real estate industry engages in 1031 exchanges by leveraging automation, security and transparency,” say Brent Abrahm, President & CEO of Accruit. “Our teams at Accruit embrace technology to ensure our focus is on the customer, not the routine tasks that typically burden other QIs.”

Accruit is a leading full service Qualified Intermediary and developer of the industry’s only patented 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 technology. Founded in 2000 and acquired by Millennium Trust in 2023, Accruit has gained the trust of thousands of clients and become a leader in the industry through its highly credentialed experts, consistent delivery of service, innovative technologies, robust security protocols and financial strength. Our team includes experienced attorneys, CPAs, and Certified Exchange Specialists®.