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
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.