If you are experiencing communication or transaction delays, please accept our sincere apologies.  As a result of the recent transition of IRAs from Quest Trust Company and NuView Trust Company, Inspira Financial is undergoing significant account integration activities and, as a result, we are experiencing an increase in call volumes, a backlog in processing certain transactions, and a disruption of certain technology features.  Please know we are receiving your messages and are working promptly to remedy the situation for all accountholders, including prioritizing those with urgent pending transaction dates. We appreciate your patience and value our relationship. 

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RETIREMENT & WEALTH

Defer taxes on real estate transactions with a 1031 exchange

Let our 1031 exchange Qualified Intermediary, Accruit, help you navigate 1031 exchanges for qualifying homes, condos, land, and more. 1031 exchanges can increase your purchasing power during real estate transactions by deferring capital gains and other taxes. Accruit will give you the right tools to leverage your real estate investments to reach your goals, worry-free. 

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INDUSTRY EXPERTS & INNOVATIVE TECHNOLOGY

Get clarity on your next smart money move

The Accruit team of 1031 exchange experts, including multiple staff attorneys, CPAs, and Certified Exchange Specialists®, will help ensure you have what you need. And their patented 1031 exchange software makes the process easy — all the way through your close date.

Quick answers to common questions

What is a 1031 exchange?
A 1031 exchange is one of the most popular tax strategies for investment real estate owners, allowing them to defer certain taxes on the gains realized when they sell one investment property and buy another.
What are the requirements and rules for a 1031 exchange?
There are specific rules and regulations that real estate investors should follow to conduct a valid 1031 exchange. For example, you need to use a Qualified Intermediary such as Accruit, buy and sell a “like-kind” property, identify your new property in 45 days, and complete the exchange in 180 days.
What kinds of real estate properties qualify for a 1031 exchange?
Nearly all real estate is “like-kind” to other real estate. Qualifying real estate can include single-family rental properties, commercial buildings, vacant land, easements, oil & gas, mineral, and water rights, DSTs, and more. Qualifying real estate can be exchanged for other qualifying real estate. For example, a commercial building can be exchanged for vacant land. Vacation homes may also qualify for a 1031 exchange if certain criteria are met. The main factor is the property must be held for investment or business use. A personal residence does not qualify for a 1031 exchange. Connect with Accruit to learn more about 1031 exchanges and which properties may qualify. 
How does Inspira facilitate 1031 exchanges? 
Accruit, an Inspira solution, is a leading national 1031 exchange Qualified Intermediary, facilitating all types of 1031 exchanges for businesses and individuals. Accruit’s approach to 1031 exchanges provides a seamless experience, unmatched in the industry. Contact Accruit to discuss your specific scenario. 
Why leverage a 1031 exchange?
For real estate investors, 1031 exchanges can allow for the deferral of capital gains, depreciation recapture, state, and net investment income tax. By deferring some or all of these taxes, you increase cash available for reinvestment — increasing return on your future investment.
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How can Accruit help you?

Give the Accruit team a call or send them a message. We’re happy to connect you with one of their experts.

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© 2024 Inspira Financial is the brand name used for products and services provided by one or more of the Inspira Financial group of companies, including Inspira Financial Trust, LLC (formerly known as Millennium Trust Company, LLC) and Inspira Financial Health, Inc. (formerly known as PayFlex Systems USA, Inc.). Retirement and custody services are provided by Inspira Financial Trust, LLC and consumer directed benefits are administered by Inspira Financial Health, Inc. Inspira Financial Trust, LLC and Inspira Financial Health, Inc. are affiliates. Inspira Financial Trust, LLC and its affiliates perform the duties of a directed custodian and/or an administrator of consumer-directed benefits and, as such, do not provide due diligence to third parties on prospective investments, platforms, sponsors, or service providers, and do not offer or sell investments or provide investment, tax, or legal advice. Inspira and Inspira Financial are trademarks of Inspira Financial Trust, LLC.