Equity Exchange Services, Inc.
Equity Exchange Services, Inc. (EESI) is a Qualified Intermediary under IRC Sec 1031. We provide intermediary services throughout the United States. EESI is a member of the Federation of Exchange Accommodators and has been handling 1031 exchanges since 1990.
What is a 1031 Exchange?
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What is a reverse Exchange?
A reverse exchange occurs when a taxpayer purchases their replacement property ahead of selling their relinquished property.
The IRS does not allow the taxpayer to own both properties simutaneously in a Section 1031 exchange. Usually the QI will place the replacement property in a Specific Purpose entity until the replacement property is sold to address this issue. The 45 day and 180 day terms still apply.
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