IRS regulations are very clear that the taxpayer may not receive the proceeds or take constructive receipt of the funds in any way, without disqualifying the exchange.
Why is an accommodator needed?
Ready to get started?
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.