1031AES - Asset Exchange Services

An Asset Exchange Company

Tax consultant in Manhasset, NY (show on map)

5.0

★★★★★

4 reviews

One of the Nation’s leading 1031 Qualified Intermediaries in Nassau County, NY, and 1031 Exchange Companies in Suffolk County, NY, 10-31 AES provides expert Like Kind Exchange guidance for all for your transactional needs.

Call (877) 313-0495

Navigate to Visit website

About

10-31 AES focuses solely on Tax Deferred Exchanges. As the national leader in 1031 Exchange services, 10-31 AES has the financial assurances, security and expertise essentials to protect your funds and provide answers and guidance throughout the 1031 Exchange process.

Nationwide 1031 Exchange Expertise

Qualified Intermediary Services

Specialized Reverse and Improvement Exchanges

Services

Delayed/Forward Exchanges

Most common type of 1031 Exchange where a taxpayer sells an investment property and exchanges it for another investment property or properties within strict IRS timelines.

Identify replacement property within 45 days Close on replacement property within 180 days Use of qualified intermediary

Reverse Exchanges

Allows acquisition of replacement property before selling the relinquished property, using an Exchange Accommodation Titleholder (EAT).

Acquire replacement property first EAT holds title temporarily Complete exchange within 180 days

Improvement/Construction Exchanges

Allows use of proceeds from relinquished property sale to make improvements to replacement property.

Improvements made to replacement property EAT holds title during improvement period Higher valued replacement property transferred

Credentials & Certifications

Member of Federation of Exchange Accommodators (FEA)

Since 2024-09-30

Reviews

Rating

★★★★★

Reviews

"Great experience, very professional, responsive and communicative."

Frequently Asked Questions

What type of real property qualifies for a 1031 exchange? +

Any property held for productive use in a trade or business or for investment can be exchanged for like-kind property. Like-kind refers to the nature of the investment, allowing various real property types to be exchanged (e.g., single-family rental to 3-family rental, industrial building to shopping center).

How do I identify the replacement property? +

The replacement property is identified in a written contract signed by the exchanging party and received by the Qualified Intermediary before the end of the 45-day identification period. The Exchanger may identify up to three properties, one or more of which must be acquired within the 180-day exchange period.

Is it possible to exchange a replacement property in a different state than the relinquished property? +

Yes, interstate exchanges are acceptable under IRC 1031. 10-31 AES can connect clients with partners in other states. However, state-specific tax treatments must be reviewed with a tax professional.

Does my personal residence qualify for a 1031 exchange? +

No, personal residences do not qualify for a 1031 exchange. The exchange applies only to investment or business properties. Personal residences qualify for different tax benefits under IRS Code Section 121.

What are the rules for the correct identification of replacement properties? +

Three rules exist: The Three Property Rule (identify up to 3 properties), The Two Hundred Percent Rule (aggregate value ≤200% of relinquished property), and The Ninety-five Percent Exception (≥95% of identified value must be acquired).

How long do I need to own my investment property before I can exchange it for another? +

There is no set timeline, but owning the property for at least 12-24 months is advisable to demonstrate investment intent.