MicroNet Template

Exchange Authority, LLC

Categories

Business Brokers/Intermediaries

About Us

Exchange Authority, LLC is a wholly owned subsidiary of Fidelity Bank, whose parent company is Fidelity Mutual Holding Company. The Exchange Authority specializes in the practice of acting as Qualified Intermediary for the exchange of real property under IRC §1031. Doing business in all 50 states and the US Virgin Islands, Exchange Authority, LLC is a member of the Federation of Exchange Accommodators (FEA).

The Exchange Authority, LLC was formed in 1999 as a continuation and expansion of the Qualified Intermediary business established in 1983 by John Kimball under the firm name of Kimball & Kimball Associates. In 2014, Fidelity Bank purchased Exchange Authority LLC, continuing the tradition of excellence founded by Mr. Kimball.



Services Provided by the Exchange Authority
The Exchange Authority, LLC provides the following services for exchange clients:

Drafting of exchange documents for review and consideration by the taxpayer and the taxpayer’s attorney.

Exchange transaction accounting and analysis including the exchange recapitulation, analysis of net non-like kind property received recognized gain and exchange basis for review and consideration by the taxpayer and taxpayer’s accountant.

Orchestration and coordination of the exchange, including interfacing with all principals, their agents and attorneys.

Production of our End of Exchange report (sample available upon request), which contains a detailed accounting of the exchange from beginning to end, for use in completion of the IRS form 8824.

Rep/Contact Info

Albino Caporale
President/CEO
Accounts Payable