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The Importance of a Qualified Intermediary in a Successful 1031 Exchange
Real-estate brokers trying to defer funds gains fees have got a potent device at their disposal – the 1031 exchange. By promoting one expense home and making use of the earnings to buy one more within rigid time constraints, traders can defer paying investment capital results tax about the transaction. Even so, the process could be daunting without the assistance of a qualified intermediary. With this post, we will check out just how a qualified intermediary facilitates a 1031 exchange and what buyers need to know to make certain they increase the rewards. Very first, let us determine what a qualified intermediary is. A qualified intermediary (QI) is surely an…