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Park National Deferred Exchange Corporation
Park National Bank, through its Park National Deferred Exchange Corporation, 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 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 Park National Deferred Exchange Corporation, a subsidiary of Park National Bank, for Tax Deferred Exchange transactions. Park National Bank is a solid financial institution and is able to provide expert experience in handling Tax Deferred Exchanges.
Call Todd Cordell at 312-335-4582 to request forms.
| Not FDIC Insured | Not Guaranteed By The Bank | Not A Deposit |
| May Go Down In Value | Not Insured By Any Federal Government Agency | |
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