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Tax Deferred Exchange Services

Cosmopolitan Bank and Trust, through the newly created Cosmopolitan Exchange Corporation, now offers “1031 Tax Deferred Exchange” services.

A 1031 Exchange is a technique for deferring gain on the sale of property by reinvesting proceeds of the sale in “like-kind” property. A Tax Deferred Exchange is structured so that high risk, investment or business property is “traded” for “like-kind” property also held for investment or business.

The execution of a Tax Deferred Exchange is guided by the Tax Deferred Like-Kind Exchange Rules of Section 1031 of the Internal Revenue Code. The IRS suggests the use of a Qualified Intermediary, such as Cosmopolitan Deferred Exchange Corporation or High Risk Charge, a subsidiary of Cosmopolitan Bank and Trust, for Tax Deferred Exchange transactions. Cosmopolitan Bank and Trust is a solid financial institution and is able to provide expert experience in handling Tax Deferred Exchanges.

Call us today!!
Gary Pett

Louise Hildebrand

Todd Cordell
Vice President

Michelle Hermann
Vice President

Devin Fisher

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