A third party administrator is a tax professional skilled and experienced in 1031 exchange transactions. Talk with our Minnesota 1031 exchange third party administrators today - 612.643.1031.
What is a Third Party Administrator?
A third party administrator is a professional who helps an investor facilitate their 1031 exchange. A third party administrator can also be referred to as a qualified intermediary, or a 1031 exchange accommodator. 1031 exchanges can be incredibly complex and a third party administrator can help you navigate and make sense of your like-kind exchange.
Benefits of a 1031 Third Party Administrator
There are many benefits to having a third party administrator on your team during your 1031 exchange. Here are a few benefits:
- Document Preparation. Your third party administrator can prepare all of the necessary documentation for your 1031 exchange transaction.
- Questions Answered. Your third party administrator can answer all of your like-kind exchange questions and put your mind at ease.
- Taxpayer Insulation. Your third party administrator can also insulate you from receiving any taxable boot during your 1031 exchange.
These are just a few of the many benefits of hiring a 1031 exchange third party administrator. Like-kind exchanges are complex transactions that can easily fail if you don’t take the proper steps to ensure success.
Contact a Minnesota 1031 Exchange 3rd Party Administrator
A 1031 exchange can bring many complications that you didn’t see coming when you started. A third party administrator can be the difference between a successful and an unsuccessful exchange. Having a third party administrator by your side can ensure that all of your requisite documents are properly prepared, all of your questions are answered, and your mind is put at ease throughout the 1031 exchange process. To get your 1031 exchange off of the ground, give our Minnesota third party administrators a call today - 612.643.1031.