When you do a 1031 exchange you don’t want to receive or touch the money involved. That’s why you hire a 1031 qualified intermediary who manages a restricted account where your money’s trapped. If you don’t use a qualified intermediary and touch the 1031 exchange money, you lose your chance to claim a 1031 exchange on your taxes. Learn more about a 1031 exchange qualified intermediary and why they’re important.
1031 Exchange: Qualified Intermediary
By Ilyce Glink| 2008-09-19T21:44:42-05:00 September 19th, 2008|