When a group was asked “According to the IRS, what does ‘Qualified’ mean?” in regard to a Qualified Intermediary in a 1031 Exchange, answers included, knowledgeable, honest, educated, and meet certain security requirement per the IRS. Logical responses and assumptions, but they are not accurate. “Qualified”, according to the IRS, simply means that they are not disqualified.
Read More:
This question has become increasingly popular on our live chat as individuals invested in real estate age and look to transition into passive real estate investments without tax consequences. Given th
A 1031 Exchange is not a “tax loophole” or a “tax dodge.” It is a tax benefit that helps fuel the ec
Presidential candidate Joe Biden recently announced his proposed tax plan, which seeks to fund a $775 billion child and elder care plan by making several major changes to the Tax Code, including a rep
A court-appointed receiver is unloading more South Side apartments linked to an alleged Ponzi scheme, making deals to sell 14 properties for nearly $17 million to several different investors, Crain’s