Finding the right qualified intermediary is essential in a 1031 exchange. It’s important to work with a qualified intermediary who has the skills needed to facilitate your particular transaction. However, many people don’t know why it’s important to work with the perfect intermediary. In this article, we are going to explain why it’s essential to work with a skilled intermediary on your next 1031 exchange of real estate.
The Importance of Working with a Skilled Intermediary
The first question many taxpayers ask is: “why is it important to work with a skilled intermediary on my 1031 exchange?” A qualified intermediary performs many important tasks throughout the course of a 1031 exchange. They can prepare all of your 1031-related documentation (and provide it to the relevant parties). They can answer your questions about the process and make sure you are never in the dark. They can insulate you from receiving any taxable proceeds when selling your relinquished property. These are just a few of the numerous reasons why it’s important to work with a skilled intermediary.
Qualified Intermediary Services
A 1031 exchange intermediary can help you through the process of deferring your capital gains taxes with a like-kind exchange. At CPEC1031, LLC we have been providing qualified intermediary services for more than two decades. Let us help you through the like-kind exchange process and ensure that you are able to defer 100% of your capital gains tax burden. Contact our team of 1031 exchange professionals today to learn more about the various benefits of conducting a 1031 exchange and see how we can help you through the process.
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.
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