1031 EXCHANGE SERVICES

Icon 1031 Exchange facilitates 1031 exchanges through Exchange Manager ProSM, patented 1031 exchange workflow technology that’s supported by one of the nation’s leading Qualified Intermediaries. Our clients can now take advantage of a highly competent and qualified 1031 exchange intermediary without the hassle of searching for one in the marketplace.

Benefits of Icon 1031 Exchange

  • In-House Coordination: We help coordinate the 1031 exchange through our team, reducing friction and increasing efficiencies.

  • Software Workflow: Patented 1031 software, Exchange Manager ProSM, keeps clients and advisors informed of transaction timelines, funds available, and other pertinent information throughout the 1031 exchange.

  • 1031 Exchange Expertise: Icon 1031 Exchange provides access to attorneys with subject matter expertise and seasoned Certified Exchange Specialists® (CES®).

  • Security of Funds: Have confidence in the security of your exchange funds with insurance coverage amounts found only among the largest exchange facilitators in the industry, including: $50 million Fidelity Bond, $25 million Errors & Omissions, and $20 million Cyber Liability.

What is a 1031 Exchange?

A 1031 Exchange is a tax deferral tool that allows the seller of qualifying real property to defer taxes on an exchange transaction including state and federal Capital Gains, Depreciation Recapture, and Net Investment Income Tax, provided that the value of the property sold is reinvested in other qualifying real property. Multiple requirements must be satisfied for a valid 1031 Exchange.

  • We help coordinate the 1031 exchange through our team, reducing friction and increasing efficiencies.

  • Patented 1031 software, Exchange Manager ProSM, keeps clients and advisors informed of transaction timelines, funds available, and other pertinent information throughout the 1031 exchange.

  • Icon 1031 Exchange provides access to attorneys with subject matter expertise and seasoned Certified Exchange Specialists® (CES®).

  • Have confidence in the security of your exchange funds with insurance coverage amounts found only among the largest exchange facilitators in the industry, including: $50 million Fidelity Bond, $25 million Errors & Omissions, and $20 million Cyber Liability.

Benefits of Icon 1031 Exchange

What is the role of a Qualified Intermediary?

  • Using a Qualified Intermediary (QI) to facilitate an exchange transaction helps ensure compliance with the requirements for a valid 1031 Exchange. The QI’s role includes the following:

  • Acquires relinquished property from the Exchanger and transfers it to the Buyer

  • Ensures Exchanger is not in actual or constructive receipt of any of the funds from the sale of the relinquished property

  • Acquires replacement property from the Seller and transfers it to the Exchanger

  • Prepares all related documentation

  • Monitors the relevant time periods and provides input to the Exchanger regarding actions necessary to successfully complete the exchange