Exchange Manager Pro SM is a 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 solution to drive your business forward with efficient workflows and secure online processing supported by industry leading professionals.
Leveraging your core business drivers, Exchange Manager Pro SM enhances the delivery of 1031 like-kind exchanges to your client base. Whether you facilitate real estate transactions, manage services critical to the real estate industry or provide Qualified A person acting to facilitate an exchange under section 1031 and the regulations. This person may not be the taxpayer or a disqualified person. Section 1.1031(k)-1(g)(4)(iii) requires that, for an intermediary to be a qualified intermediary, the intermediary must enter into a written "exchange" agreement with the taxpayer and, as required by the exchange agreement, acquire the relinquished property from the taxpayer, transfer the relinquished property, acquire the replacement property, and transfer the replacement property to the taxpayer. Intermediary (QI) services delivering 1031 exchanges nationwide, Exchange Manager Pro SM drives bottom line results, consistent delivery of services, and state of the art security for your market.
- Administrative Efficiency: By simplifying process flow, reducing duplicate data entry, and leveraging technology for routine data collection from the taxpayer or their advisors where possible, Exchange Manager Pro SM reduces time needed for administrative tasks during exchange processing by more than 50%, while reducing the opportunity for errors. Decrease the time spent on mundane clerical tasks so you can spend more focused time with your clients.
- Simplify and Accelerate Document Creation: Developed for scale and efficiencies, Exchange Manager Pro SM reduces the time to create and distribute documents to as little as 8 minutes, reducing the impact of last-minute exchange interruptions while increasing client satisfaction.
- System Notifications: Key communications such as deadline reminders, detailed next steps, and distribution of documents are all highly automated and configurable while opting in or opting out clients, advisors, referral sources, and other associated contacts as desired. All parties are alerted of relevant milestones without having to maintain templates, set calendar reminders, or use sticky-notes.
Central Repository for all Exchange Documents and Other Data: Exchange Manager Pro SM retains all exchange documents, system notifications, notes, and exchange data in a dedicated cloud-based Microsoft Azure environment. Just a handful of clicks take you from exchanger details to exchange overview to exchange documents to fee information to sale or purchase details.