Whether you are playing a game, handling a transaction or running day to day operations in your office, it is always important to surround yourself with dedicated professionals working toward a common goal. The same is true in a 1031 exchange. Today’s Tuesday Tip will address the role of the Qualified Intermediary (QI) and why it is important to do your research when choosing a QI.Read More
This More, More Monday post is a little off topic today as we celebrate the 22nd birthday of 1031 CORP. During those 22 years, we have facilitated thousands of exchanges in all fifty states helping investors accomplish their investment objectives and business owners grow their business. We have helped them defer countless dollars and keep that money working for them.
Topics: 1031 CORP.
Our tip today is to always discuss your proposed 1031 exchange with your tax advisor before proceeding. While a 1031 exchange is an excellent tax-deferral strategy, it is not the right strategy for every situation. You and your tax advisor should discuss your short and long-term objectives and determine if the proposed 1031 exchange will help you get there.