Mountain States Exchange, LLC


A Qualified Intermediary in 1031 Tax Deferred Exchanges

 

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Welcome to
Mountain States Exchange, LLC

Mountain States Exchange, LLC is a Qualified Intermediary in 1031 Tax-Deferred Exchanges. You can count on us to make your 1031 Exchange process simple, yet thorough. We look forward to assisting you with your next 1031 Exchange.

What is a 1031 Tax Deferred Exchange?

It starts with "Like-Kind" Properties. Any real or personal property can be exchanged, provided it's held "for productive use in a trade or business," or "for investment," and is exchanged for property of like-kind that will also be held for one of these same purposes.

Most real property is considered "like-kind" to other real property. A single-family rental unit, for example, may be used to acquire another like it, or to purchase a warehouse, retail center, or office building. Like-kind limitations on personal property are more restrictive; assets must be classified similarly under government accounting classifications.

What needs to be done?

There are only a few steps.
    1. Sale of relinquished property
    2. Identification period
    3. Purchasing replacement property.

For more information on the process click here or Contact Mountain States Exchange for complete details.