1031 Exchange Industry Education and Involvement 

Accruit continued its deep-rooted involvement in educating peers within the Internal Revenue Code Section 1031 states that "no gain or loss shall be recognized on the exchange of property held for productive use in a trade or business or for investment if such property is exchanged solely for property of like kind which is to be held for productive use in a trade or business or for investment." 1031 Exchange industry with David Gorenberg co-presenting the Internal Revenue Code Section 1031 states that "no gain or loss shall be recognized on the exchange of property held for productive use in a trade or business or for investment if such property is exchanged solely for property of like kind which is to be held for productive use in a trade or business or for investment." 1031 Exchange Bootcamp, which covered topics such as the role of Qualified Intermediaries, intricacies of identification rules, mixed-use properties, and safe harbors. David also led a General Session discussion, A Frank Discussion on Ethics, where the relationship between ethics and Internal Revenue Code Section 1031 states that "no gain or loss shall be recognized on the exchange of property held for productive use in a trade or business or for investment if such property is exchanged solely for property of like kind which is to be held for productive use in a trade or business or for investment." 1031 Exchange s was analyzed. As a past co-chair of the FEA Ethics Committee, David’s insights were essential to the conversation.  

Brent Abrahm, President and CEO of Accruit, was involved in a panel discussion regarding the FEA Political Action Committee (PAC). The panel underscored the importance of funding the PAC through individual FEA members to help support the work being done in Washington D.C. to protect IRC Section 1031. Brent is proud to point out that, “Accruit was recognized as the only company in the FEA that had 100% participation to the FEA PAC in 2023 and our goal is to do it again in 2024.” 

Steve Holtkamp, Senior Managing Director and Chief Revenue Officer, was also present at the conference, attending the Board of Directors meeting to which he is a member. “Steve’s thoughtful approach and meaningful participation on the Board have been recognized and appreciated by his fellow Board members,” said Max Hansen, Managing Director at Accruit.  

Michele Smith and Asher joined the rest of the Accruit team at the conference to attend the educational presentations to stay up to date on the latest concepts, receive CE credit, and uphold their status as Certified Exchange Specialists®. Additionally, Ellie Trovato was recognized for being the newest member of the CES® Certification council.   

First-time attendees Darcy Yeldell and Noah Doran were delighted to join Accruit’s veteran attendees at the conference. 

Darcy shared that, “Having the opportunity to surround myself with other industry professionals and colleagues was amazing. The wealth of knowledge was cool to see and even though a lot of us are competitors, you could feel that we all came together to support each other and our love for 1031’s!” 

Noah noted that the FEA Annual Conference was, “An excellent opportunity to meet others new to the FEA, and the speakers emphasized the importance of getting involved. Their encouragement inspired me to join the Membership Committee, which I’m excited about!” 

1031 Achievements and Recognition

We are thrilled to announce that at the FEA Annual Conference David Gorenberg, Educational and Technical Director, was recognized for his involvement in the Internal Revenue Code Section 1031 states that "no gain or loss shall be recognized on the exchange of property held for productive use in a trade or business or for investment if such property is exchanged solely for property of like kind which is to be held for productive use in a trade or business or for investment." 1031 Exchange industry as a recipient of the prestigious Margo McDonnell Certified Exchange Specialist® Perpetual Award. This award is based on peer nominations and given to an individual who has demonstrated outstanding dedication and made exceptional contributions to the Internal Revenue Code Section 1031 states that "no gain or loss shall be recognized on the exchange of property held for productive use in a trade or business or for investment if such property is exchanged solely for property of like kind which is to be held for productive use in a trade or business or for investment." 1031 Exchange industry. “In his usual humble way, David was very surprised when he received the richly deserved award. Aside from being a great human being and serving as a past President of the FEA, it really is the pinnacle of David's career,” said Max Hansen.  

David has over 30 years' experience involved in the 1031 industry, he is a current member and past president of the FEA and co-chair of the FEA Ethics Committee. His contributions include lecturing at the Real Estate Investment Securities Association, National Association of REALTORS®, and multiple FEA Conferences amongst many others. 

David wasn’t the only member of Accruit to be recognized for his contributions and commitment to the Internal Revenue Code Section 1031 states that "no gain or loss shall be recognized on the exchange of property held for productive use in a trade or business or for investment if such property is exchanged solely for property of like kind which is to be held for productive use in a trade or business or for investment." 1031 Exchange industry at the Annual Conference.  Steve Holtkamp was elected to a 2nd term on the FEA Board of Directors and was also asked to serve as the FEA’s incoming Treasurer and Secretary. Reflecting on his involvement, Steve shared, “I was on the Finance Committee and really enjoyed participating and was able to provide a lot of value on that front given my background, so it was my pleasure to step into the role of Treasurer.” He hopes to further his leadership journey, adding, “Hopefully I get the opportunity to serve as President in two years.” 

Exchange Manager Pro^SM, Patented 1031 Exchange Workflow Software

At the FEA Conference Exhibit Hall, Accruit Technologies, led by Marita Kazos and Dave Tornell, proudly showcased Exchange Manager Pro℠, patented Internal Revenue Code Section 1031 states that "no gain or loss shall be recognized on the exchange of property held for productive use in a trade or business or for investment if such property is exchanged solely for property of like kind which is to be held for productive use in a trade or business or for investment." 1031 Exchange workflow software, to fellow 1031 industry peers and Qualified Intermediaries. The conference provided the Accruit team an opportunity to connect with Exchange Manager Pro^SM clients, as well as some clients of Managed Service, integrated Internal Revenue Code Section 1031 states that "no gain or loss shall be recognized on the exchange of property held for productive use in a trade or business or for investment if such property is exchanged solely for property of like kind which is to be held for productive use in a trade or business or for investment." 1031 Exchange program. The Business Development team discussed success stories, plans for the future of the technology and strengthened partnerships. According to Marita, there was a lot of buzz surrounding Exchange Manager Pro℠, as she had multiple current clients come to the booth to say that they love the software, as well as prospective interest from other QIs. The Accruit team deeply values recognition received from fellow 1031 industry professionals and the positive feedback from our clients and peers regarding our software solutions and dedication to outstanding service. This motivates us to continue striving for excellence, be a leader in the industry and continue to revolutionize 1031 at every step. 

Business First, Fun Included  

The FEA Annual Conference was not only an incredible event for 1031 education, industry discussions, and business development, but also a fantastic opportunity to connect with fellow 1031 professionals, foster relationships, and enjoy some fun together. 

Our very own CEO, Brent Abrahm, coordinated the 2nd annual charity bike ride in support of the John Lockhart Foundation, a local charity that supports vulnerable children in the Austin area as well as raises awareness for colon cancer. The 20-mile ride in the Southern Walnut Creek area included riders from Chicago A 1031 exchange conducted under the safe harbor 1991 Treasury Regulations wherein the replacement property is received up to 180 days after the disposition of the relinquished property. Typically what people mean when referring to a 1031 exchange, Starker exchange, like-kind exchange, delayed exchange, etc. Deferred Exchange Corp, Clark Wealth Management, HUB 1031, Hogan Land Title Company, First American Exchange, National Realty Exchange, and Encore Bank. The ride resulted in the group raising just under $1,000 for the cause. A highlight of this bike ride was Lance Armstrong cycling past the group – sighting confirmed by Strava, an exercise tracking app. 

The 2024 FEA Annual Conference was an outstanding event for not only Accruit, but the entire Internal Revenue Code Section 1031 states that "no gain or loss shall be recognized on the exchange of property held for productive use in a trade or business or for investment if such property is exchanged solely for property of like kind which is to be held for productive use in a trade or business or for investment." 1031 Exchange industry. It was filled with insightful discussions, meaningful recognition, and valuable networking opportunities. Beyond the professional achievements, the conference was a reminder of the strength and camaraderie within the 1031 community. We look forward to building on this momentum and seeing everyone again at next year’s conference!