How Are Proceeds Held By The Qualified Intermediary?

One main rule involved with the 1031 exchange process is that you, as the exchangor, are not allowed to handle any funds involved with the exchange. That job goes to the Qualified Intermediary (QI). Also known as an accommodator, the QI is an independent entity that is involved with every step of the like-kind exchange process.

Feb 7, 2023

Simple Guide to Choosing a 1031 Qualified Intermediary

Investor using a compass to find his Qualified Intermediary

7 Questions to Ask Before Choosing a 1031 Accommodator... In the chaos of closing on a sale of your property, the last thing most people are thinking about is choosing a qualified intermediary, or “QI” (a.k.a., an exchange “accommodator” or “facilitator”). After all, aren’t they all the same? Aren’t all qualified intermediaries “qualified”? The answer is emphatically, no.

Feb 1, 2023

Can a Relative Be a 1031 Qualified Intermediary?

The successful execution of a 1031 exchange can allow an investor to defer payment of capital gains taxes. This tactic can help you leverage your investment capital, but to obtain approval from the IRS, you must carefully follow the rules governing the 1031 exchange transaction. If you make a mistake, the IRS may disqualify the exchange, resulting in you having to pay the capital gains taxes immediately.

Jan 27, 2023

Can an LLC Member Serve as a Qualified Intermediary?

Real estate investors who complete like-kind exchanges to defer capital gains taxes on the sale of highly appreciated assets have to follow a stringent set of rules set forth by the Internal Revenue Service. Foremost among those regulations is the use of a Qualified Intermediary (QI) to facilitate all aspects of the 1031 exchange.

Jan 17, 2023

Can You Choose an Escrow Company as Your Qualified Intermediary?

Successfully completing a 1031 exchange requires meticulous attention to detail. Exchangors don’t have to worry about navigating every single detail of their exchanges, however – that job falls on the Qualified Intermediary.

Jan 4, 2023

Does a 1033 Exchange Require a Qualified Intermediary?

When hurricane Ian hit southwest Florida in late September of 2022, it destroyed more than 5,000 homes in Lee County and severely damaged another 13,000 residences.1 The damage wrought by Ian left thousands of homeowners pondering their next steps. Homeowners and investors who owned condemned properties may be able to complete a 1033 exchange to replace homes that were destroyed or severely damaged by the hurricane’s wrath.

Dec 28, 2022

Learn How To Find A Qualifed Intermediary

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