Top 25 FAQs for 1031 Exchange Explained by Professionals in Real Estate
Accruit is a national provider of 1031 exchanges as a Qualified A person acting to facilitate an exchange under section 1031 and the regulations. This person may not be the taxpayer or a disqualified person. Section 1.1031(k)-1(g)(4)(iii) requires that, for an intermediary to be a qualified intermediary, the intermediary must enter into a written "exchange" agreement with the taxpayer and, as required by the exchange agreement, acquire the relinquished property from the taxpayer, transfer the relinquished property, acquire the replacement property, and transfer the replacement property to the taxpayer. Intermediary . Learn more about working with an independent 1031 service provider you can trust in Accruit's Safe, Simple, and Secure flyer. View and download the flyer by clicking the link below.
Learn more about 1031 exchanges and qualified intermediary (QI) services by reading Accruit's 'Top 25 FAQs for Internal Revenue Code Section 1031 states that "no gain or loss shall be recognized on the exchange of property held for productive use in a trade or business or for investment if such property is exchanged solely for property of like kind which is to be held for productive use in a trade or business or for investment." 1031 Exchange Explained' flyer. View and download the flyer by clicking the link below.