A 1031 exchange is a taxes-deferred exchange that lets you defer money profits income taxes in the transaction of an purchase residence by reinvesting the sale cash in to a comparable residence. But, the 1031 exchange method is complex and needs meticulous planning and setup. One of many key components of a successful 1031 exchange is using a qualified intermediary (QI). On this page, we are going to explore how the qualified intermediary facilitates a 1031 exchange and why it is very important guarantee an even and certified financial transaction. 1. What is a Qualified Intermediary? A qualified intermediary is a third-celebration firm that facilitates a 1031 exchange upreit companies…