IOWA EQUITY EXCHANGE

 

Iowa Equity Exchange is a nationwide Qualified Intermediary service company that helps investors, land owners, and business owners meet the requirements of Section 1031 of the Internal Revenue Code. We belong to the Federation of Exchange Accommodators ("FEA"). The FEA works to preserve the tax-deferred exchange options that taxpayers currently enjoy and is dedicated to the protection of the consumer in Section 1031 transactions. Only a couple hundred Qualified Intermediary firms are members of the FEA nationwide. We are a small, independent company that is focused solely on Section 1031 exchanges. We are Section 1031 exchange specialists. Ken Tharp, founder and owner, has earned the Certified Exchange Specialist® designation, demonstrating his desire to achieve and maintain the highest level of professional standards.

We welcome your inquiries. At any time, if you have questions about Section 1031 exchanges, please feel welcome to get in touch with me, Ken Tharp, founder and owner of Iowa Equity Exchange, at 800-805-1031 or by email at ktharp@iowaequityexchange.com.

held for productive use in a trade or business or for investment

Internal Revenue Code (IRC) 1031(a)(1) states: "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."

The reasoning behind this is that the investment itself does not change; only the form of the investment changes. Since the investment itself does not change and "no gain... shall be recognized," no tax is paid. This allows the taxpayer to put more money to work in the new property.

Staying within the safe harbor of Section 1031 regulations is generally not difficult. Our objective is to make it so our clients have all pertinent information at their disposal in order to make educated decisions about their situations with plenty of time for planning. Please let us show you the difference that true personalized service makes.

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