Many people who are new to the world of 1031 exchanges have questions about the role of the qualified intermediary. In this article, we are going to discuss what a qualified intermediary can do for your 1031 exchange.
Guide You Through the Process
The exchange process seems simple on the surface, but there are a wide range of potential pitfalls. A qualified intermediary knows the process inside and out and can make sure you don’t fall prey to any common mistakes.
Prepare Necessary Documentation
As with any real estate transaction, there is a lot of paperwork that goes along with a 1031 exchange of real estate. If you miss a form or mess something up it could jeopardize your entire exchange. A qualified intermediary can take this off of your plate and prepare all of your required documents in preparation for closing.
Answer Your Questions
Every 1031 exchange is unique, and every taxpayer conducting a 1031 exchange has a lot of questions that they may not be able to find answers to online. A qualified intermediary can answer all of the questions you have regarding your 1031 exchange so you feel confident that your exchange will be a success.
Reach Out to a Qualified Intermediary
Want to learn more about deferring capital gains taxes on the sale of investment real estate? Reach out to a qualified intermediary today to walk you through the process. The earlier you get started on your 1031 exchange, the better. Making all the necessary preparations can help ensure that your exchange goes smoothly and that you defer 100% of your gains. At CPEC1031, LLC we have two decades of experience working on like-kind exchanges of real property. Contact us to see if your property qualifies for 1031 exchange treatment.
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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