Exchanging Thoughts

Know Where Your State Stands

Posted by Ellie Trovato on Tue, Jan 22, 2019

A tax-deferred exchange allows you to defer federal capital gain taxes when like-kind real property within the exchange timeline. While most states with an income tax regime recognize a 1031 exchange and allow you to defer the state gain as well as the federal gain there is one state that does not. This Tuesday Tip looks at state requirements in a 1031 exchange.

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Topics: Role of Qualified Intermediary, 1031 non-resident withholding tax, 1031 exchanges, 1031 Replacement property

Top 1031 Exchange Misconceptions

Posted by Ellie Trovato on Tue, Jun 05, 2018

They say that knowledge is power and, nowadays, knowledge is at our fingertips. You can pick up your smartphone and find anything you wish by asking Siri or searching Google. Unfortunately, that doesn’t necessarily mean that Siri or Google are providing accurate information. The Exchange Team at 1031 CORP. are often asked to clarify misconceptions about 1031 exchanges. In today’s Tuesday Tip,  we will address the most common misconceptions about 1031 exchanges and make sure you know the truth so you can put the power of 1031 to work for you.

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Topics: section 1031, Role of Qualified Intermediary, 1031 made easy, 1031 exchange misconceptions, 1031 like-kind property, tax-deferred exchanges

The Role of the Qualified Intermediary and the 1031 CORP. Advantage

Posted by Ellie Trovato on Tue, May 22, 2018

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.

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Topics: section 1031, Role of Qualified Intermediary, 1031 exchange; Role of Qualified Intermediary, regulation of QIs, 1031 CORP., Qualified Intermediary (QI), Qualified Intermediary

The Value of Using an Experienced Qualified Intermediary

Posted by Margo McDonnell on Tue, Sep 25, 2012

This Tuesday’s Tip will explain the vital role of the Qualified Intermediary (QI) in a 1031 tax-deferred exchange. A QI is essential to successfully completing the transaction and an experienced QI will help keep the process simple for all parties. The use of a QI is provided by the safe harbor regulations of Section 1031 and their role is to act as a middleman in both the sale and purchase transactions.

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Topics: Role of Qualified Intermediary, Qualified Intermediary (QI)

Trust your 1031 Exchange to a CES® Designee

Posted by Margo McDonnell on Wed, Aug 01, 2012


An article about a NY attorney today reminds one of the importance of trusting your 1031 tax-deferred exchange to a Certified Exchange Specialist® (CES®).  While there are many professionals who claim to have experience facilitating a 1031 exchange, only a CES® Designee has demonstrated, through testing, a standard level of knowledge of Section 1031 and the exchange process. In order to sit for the CES® exam, one must have at three years of full-time experience facilitating 1031 exchanges – not selling the service – but actually knowing the service inside and out. Only about 75% of candidates pass the exam. 

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Topics: Role of Qualified Intermediary, CES, Certified Exchange Specialist, 1031 Exchange

Your QI Does a Lot More than your 1031 Docs

Posted by Margo McDonnell on Tue, Jul 17, 2012

Everyone knows you need a Qualified Intermediary (QI) to facilitate your 1031 tax-deferred exchange.  Sure, the QI prepares your 1031 exchange agreement, coordinates with the closing agents and holds your exchange proceeds but a good QI does a lot more than that. Regardless of your role in the transaction, a good QI should be your partner throughout the exchange process and that includes the planning stage thru the tax reporting stage.

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Topics: Role of Qualified Intermediary, Qualified Intermediary (QI), 1031 transaction, 1031 resource, 1031 Exchange