RISMEDIA, July 9, 2008-Title Resource Group (TRG), a full-service title, settlement and vendor management services company, has announced the rebranding of its tax deferred exchange business as U.S. National 1031 Exchange.
Formerly known as Mid-Exchange, the company says the U.S. National 1031 Exchange has a long history of providing qualified intermediary services. Operating since 1979, the company has helped thousands of clients complete 1031 tax deferred exchange transactions ranging from single-family rental units to multi-million office complexes.
“The new name, U.S. National 1031 Exchange, is more reflective of our 1031 Exchange business today, which is truly national in scope,” said Don Casey, president and CEO of Title Resource Group. “Savvy real estate investors understand the advantages of exchanging like-kind investment properties in order to defer capital gains taxes that would otherwise result from the straight sale of an investment property.”
U.S. National 1031 Exchange has posted a free guide to the 1031 Exchange on its website to help investors and real estate professionals learn more about the tax deferred benefits and mechanics of a 1031 Exchange as well as the importance of using a qualified intermediary to successfully complete a 1031 tax deferred exchange.
A 1031 Exchange refers to title 26, section 1031 of the Internal Revenue Code, which is the statue dealing with the deferment of capital gains tax on the sale of real property, and in some instances, personal property. Specifically, the Code 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 a like-kind which is to be held either for productive use in trade or business or investment.”
For more information, visit www.USNational1031.com. Real estate brokers, agents and escrow companies are also welcome to link their websites to the U.S. National 1031 site.
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