Having increased cash flow
Advancing and expanding a business
Relocating investment properties or business
Building and preserving estate
Organizing a well-structured real estate portfolio
Retiring… reaching and exceeding your financial goals
Disclaimer: This information is provided to give a general overview of Internal Revenue Code Section 1031. However, as a result of changing tax laws and IRS interpretations, Guardian Northwest Title & Escrow cannot and does not make any guarantees as to its application. Guardian Northwest Title & Escrow is not rendering tax or legal advise. Where tax or legal advice is deemed appropriate, the services of a competent professional knowledged in Section 1031 should be sought.
Washington State law, RCW 19.310.040, requires an exchange facilitator to either maintain a fidelity bond in an amount of not less than one million dollars that protects clients against losses caused by criminal acts of the exchange facilitator, or to hold all client funds in a qualified escrow account or qualified trust that requires your consent for withdrawals. All exchange funds must be deposited in a separately identified account using your tax identification number. you must receive written notification of how your exchange funds have been deposited. Your exchange facilitator is required to provide you with written directions of how to independently verify the deposit of the exchange funds. Exchange facilitation services are not regulated by any agency of the state of Washington or of the United States government. It is your responsibiity to determine that your exchange funds will be held in a safe manner.