HomeUnion Partners with Accruit
IRVINE, Calif., Nov. 14, 2016 — HomeUnion, an online real estate firm providing all of the services investors need to buy, sell and manage real estate, has formed a partnership with Accruit, a leading qualified intermediary for taxpayers executing like-kind exchanges. The partnership enables HomeUnion’s investor clients to access Accruit’s services, as well as their Certified 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 Specialists (CES®), when closing like-kind exchanges in real estate. A like-kind exchange in real estate – also known as a 1031 exchange – allows investors to sell a property and reinvest the proceeds from that sale into a new property to defer capital gains taxes.