Video: Common 1031 Exchange Myths

As a leading Qualified A person acting to facilitate an exchange under section 1031 and the regulations. This person may not be the taxpayer or a disqualified person. Section 1.1031(k)-1(g)(4)(iii) requires that, for an intermediary to be a qualified intermediary, the intermediary must enter into a written "exchange" agreement with the taxpayer and, as required by the exchange agreement, acquire the relinquished property from the taxpayer, transfer the relinquished property, acquire the replacement property, and transfer the replacement property to the taxpayer. Intermediary , Accruit often hears common myths or misconceptions in relation to 1031 exchanges, also known as tax deferred exchanges. Watch this video to get the real facts around 1031 exchanges.