Property traders looking to defer money gains income taxes use a powerful resource at their disposal – the 1031 exchange. By promoting 1 expense house and making use of the proceeds to acquire another within rigid time constraints, brokers can defer paying investment capital profits taxes about the purchase. However, the procedure could be difficult without the assistance of a qualified intermediary. With this blog post, we will investigate just how a qualified intermediary facilitates a 1031 exchange and what investors need to know to make certain they maximize the rewards. Very first, let’s outline exactly what a qualified intermediary is. A qualified intermediary (QI) is an self-sufficient alternative party…