WHAT IS A QUALIFIED INTERMEDIARY?
The Qualified Intermediary (QI) is an entity that facilitates the 1031 exchange and is sometimes referred to as the exchange "accommodator" or "facilitator." The primary functions of the QI are outlined in Tres. Reg. 1.1031(k)-1(g)(4). When choosing a QI, it is imperative to understand that agents of the Exchanger are specifically disqualified from acting as the QI (i.e., attorneys, real estate agents, and accountants performing services in the 2 years preceding the 1031 exchange).
WHY USE 1031TRX IN NEW YORK?
1031trx is a professional QI that validates 1031 exchanges across the United States by structuring them under “safe harbor” provisions and IRC §1031. 1031trx understands the stress that inevitably surrounds real estate transactions. Our commitment is to ensure a smooth exchange process, with clear and structured guidance to all parties involved in the transactions.[ Read More Our Services ]
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