Qualified Intermediary – the Most Important Member of your 1031 Exchange Team

Qualified Intermediary

When conducting a 1031 exchange, there are several professionals you want to include in your 1031 exchange “team.” In this article, we are going to explain why a qualified intermediary is the most important person to have on your 1031 exchange team.

A Qualified Intermediary Can Walk You Through the Process

A qualified intermediary is a professional who specializes in all things related to 1031 exchanges. They can walk you through the entire 1031 exchange process, offering you advice and insight every step of the way.

A Qualified Intermediary Can Hold Your Net Proceeds

During a typical 1031 exchange, you need to move all of your sales proceeds into your replacement property in order to defer 100% of your capital gains taxes. If you receive any of these sales proceeds during the 1031 exchange process, you will be liable for capital gains taxes on those proceeds. A qualified intermediary can hold these proceeds for you so you can avoid this taxable “boot.”

Contact a Qualified Intermediary in Your Area

If you are hoping to save money on capital gains taxes when selling a piece of investment real estate, section 1031 of the Internal Revenue Code is the tool for you! When conducting a 1031 exchange, it’s important to work with a qualified intermediary who understands the process inside and out. At CPEC1031 our intermediaries have two decades of experience facilitating exchanges. We have the knowledge and experience needed to explain the entire process to you and make sure your goals are met. Contact us today to learn more about how we can help you save money in capital gains taxes!

  • Start Your 1031 Exchange: If you have questions about 1031 exchanges, feel free to call me at 612-643-1031.

Defer the tax. Maximize your gain.

 

© 2019 Copyright Jeffrey R. Peterson All Rights Reserved