That’s what we are. The IRS says if you touch the money you must pay the tax. However, if you use a qualified intermediary to transfer the money from the sold property into the purchased property, you qualify for a tax-free exchange. The IRS does not permit your accountant, attorney, or escrow company to be your qualified intermediary. Click Here to View our Bond
What is a qualified intermediary?
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A 1031 exchange is an IRS process that allows you to save 30- 40% in taxes on the profits from the sale of your property. You must hire a qualified intermediary, 1031 Accommodator (that’s what we are) to make sure you are following the protocols correctly.
