Banker Exchange provides full-service, tax-deferred exchange services under Section 1031 of the Internal Revenue Code (IRC).
A 1031 exchange, also known as a like-kind exchange, is a tax strategy used by real estate owners and investors to defer taxes on property dispositions or sales. It allows an exchange of real property used in a trade or business, or held as an investment, for other real property used in a trade or business or held for investment. Like-kind refers to nature or character, not grade or quality; it is not necessary to re-invest in the same asset class. If you are considering a 1031 exchange or ready to move forward with one, it’s important to partner with a qualified intermediary (QI).