Top 5 Tips For Section 1031 Property Exchange
The introduction of Section 1031 was a historic move for the investors. It gave the investors a power to defer the taxes associated with capital gains. Here we present some tips to ensure that process is executed smoothly. Purchase sufficient replacement property to defer all of the tax Buy replacement property that is equal to […]
Role of A Qualified Intermediary in 1031 Exchange Process
During the 1031 tax deferred exchange process, intermediary holds your funds until they are used for acquiring replacement property. You must make sure that the funds are held safely. It is essential to check that intermediary must be reputable and financially strong. Some major roles of a QI include: Preparation of documents related to replacement […]