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Why choose Granite Exchange Services, Inc.?

Customer Care You’re not just a number at Granite Exchange. With a dedicated team of experts available to offer value-added solutions and a step-by-step guide through the process, you’ll find peace of mind knowing your 1031exchange is being handled by true professionals.

Experience  Our highly experienced staff is comprised of professionals that ensure effective management of your exchange.  You can count on us to apply all our  years of  experience to every transaction to achieve maximum financial benefit in accordance with IRS regulations.

Security & Trust  You can rest assure that the security of your exchange funds are our foremost concern.  Below are precautions we take and options available to our clients:

• Separate exchange account for each transaction, held at bonded, highly rated financial institutions.
• Dual signature option on exchange accounts.
• Member of the Federation of Exchange Accommodators.

What is a Qualified Intermediary (QI)?

A Qualified Intermediary is an independent party who facilitates tax-deferred exchanges   pursuant to Section 1031 of the Internal Revenue Code. The QI cannot be the taxpayer or a disqualified person.  Acting under a written agreement with the taxpayer, the QI acquires the relinquished property and transfers it to the buyer. The QI holds the sales proceeds, to      prevent the taxpayer from having actual or constructive receipt of the funds. Finally, the QI acquires the replacement property and transfers it to the taxpayer to complete the exchange within the appropriate time limits.

Why is a Qualified Intermediary needed?

The exchange ends the moment the taxpayer has actual or constructive receipt (i.e. direct or indirect use or control) of the proceeds from the sale of the relinquished property. The use of a QI is a safe harbor established by the Treasury Regulations. If the taxpayer meets the   requirements of this safe harbor, the IRS will not consider the taxpayer to be in receipt of the funds. The sale proceeds go directly to the QI, who holds them until they are needed to    acquire the replacement property. The QI then delivers the funds directly to the closing agent.

Additional Benefits and Services offered by GES:

Free client consultations - Nationwide 877-937(YES)-1031
Interactive website at www.ges1031.com offering:

• Capital gain tax calculator
• 180 day exchange calendar
• Online exchange ordering
• Free Replacement Property Search/Listing tool
       

Contact us:

Nationwide: 877-937-1031
Fax: 877-894-1031
www.ges1031.com

How are we doing?
We are continually looking for ways to improve the quality of our services.  We appreciate your business and want to make sure we meet your expectations.  Download our Customer Satisfaction Form and let us know how we are doing!