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Understanding the Role Of A Qualified Intermediary for 1031 Exchange

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The importance of Qualified Intermediaries can't be ignored when it comes to 1031 exchanges. As per the rules framed by the IRS, a 1031 investor must involve a Qualified Intermediary (QI) in every exchange. It could be said that a 1031 exchange is impossible without the participation of a Qualified Intermediary. That's why you must know the role of Qualified Intermediary if you're planning a 1031 exchange. Who is a Qualified Intermediary? A Qualified Intermediary, also known as a facilitator, is an individual responsible for handling 1031 exchanges on behalf of investors. From finding a buyer for your relinquished property to acquiring the replacement property, a Qualified Intermediary does everything. The reason why it's mandatory to involve a Qualified Intermediary in 1031 exchanges is that investors often face difficulties in locating replacement properties and the presence of a Qualified Intermediary makes their job much easier. Who can be a Qualified Inter
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Key Requirements for 1031 Exchange Qualified Intermediarys

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IRC Section 1031 allows an accurately structured exchange enabling any investor to trade property and reinvest the profits in a new property and to put off all capital gain taxes. IRC Section 1031 directs that any owner of a business or investment property may exchange that property for other like-kind property inside a predefined mandated period and delay current recognition of gain on the sale of the old property. Therefore we can say that,  if the investor wants  to reinvest his/her property for the tax deferment and planning for a 1031 exchange, then no worries we at qualifiedintermediary.com has a team of experts that will help you in every step of the 1031 exchange process to complete it in the best way. So before opting for 1031 Exchange, the investor must have concise information of 1031 Exchange and who are the specialists in this field and what are the Qualified intermediary requirements? A brief overview of 1031 Exchange 1031 Exchange is a rule that is used for def
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Location: United States
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