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1031 Exchange Services

The Qualified Intermediary for your exchange

 
Under Section 1031 of the Internal Revenue Code, owners of business or investment properties, through the use of a Qualified Intermediary, can sell one property and purchase a similar or “like-kind” property while deferring capital gains. Capital gain taxes on the sale of the relinquished property are deferred until the replacement property is sold at a future date.
Using Wells Fargo 1031 Exchange Services, you can work with your tax and legal advisors to develop a strategic plan to maximize the benefits of your 1031 exchange. Our professionals have extensive experience acting as Qualified Intermediary and Qualified Trustee in transactions involving a wide range of assets, including real estate, oil and gas, aircraft, large construction equipment, power plants, railcars, and collectibles such as artwork and cars.

Qualified Intermediary

For each deferred exchange, we will establish a segregated account to hold the exchange funds. Depending on the taxpayer’s circumstances and how you plan to hold and invest the exchange funds, we can also insure the account up to any applicable FDIC limits.

Qualified Trustee

We can also serve as trustee of your Qualified Trust, which is an additional safe harbor under Section 1031. We can hold the taxpayer's funds in a Qualified Trust so that in the event of bankruptcy, the funds should not be reached by the creditors of the intermediary.

Start your exchange now

To begin your 1031 exchange transaction, please choose the appropriate application form:
These forms are applications only and do not obligate any party to enter into an exchange agreement. Once you have completed your application, you can submit a copy to us by fax, mail, or courier service:
Wells Fargo Bank, N.A.
1031 Exchange Services
100 North Main Street D4001-040
Winston-Salem, NC 27101
Fax: 1-336-732-1031
Once we receive your completed application, one of our 1031 specialists will contact you to discuss your transaction. For more information about our services, or for a fee quote, please contact us at 1-888-693-5566, option 2.

1031 exchange services resources

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WELLS FARGO BANK, N.A. DOES NOT PROVIDE TAX OR LEGAL ADVICE NOR CAN WE MAKE ANY REPRESENTATIONS OR WARRANTIES REGARDING THE TAX CONSEQUENCES OF YOUR EXCHANGE TRANSACTION. Property owners must consult their own tax and legal advisors. Our role is limited to serving as Qualified Intermediary to facilitate your exchange. The summaries of steps for qualified exchanges are for illustration purposes only and are not intended to be exhaustive and will vary depending on the complexity of the transaction.
Basic FDIC insurance has been raised to $250,000 per depositor through December 31, 2013. On January 1, 2014, the basic FDIC insurance amount will return to $100,000 per depositor for all account categories except IRAs and other certain retirement accounts, which will remain at $250,000 per depositor.