Deferred Exchanges account for about 90% of all exchange transactions. The classic scenario involves the sale of one or more Relinquished Properties and the subsequent purchase of Replacement Properties. A taxpayer must identify the Replacement Property within 45 days of the sale of their Relinquished Property and must purchase that Replacement Property within 180 days of the sale.
These transactions require the use of a Qualified Intermediary to hold the proceeds of the sale and to coordinate the entire exchange. Banker Exchange’s experienced staff will streamline your exchange process and help ensure your compliance with all of the limitations imposed by the Internal Revenue Service — all at one of the lowest costs in the industry.