1031 Qualified Intermediary
A Qualified Intermediary uses Section 1031 of the tax code to allow owners of qualified real estate to sell the property without paying taxes on the gain from the sale, as long as the sale proceeds or exchange value is used to acquire like-kind replacement property for investment or business use.
What Kind of Property is eligible?
Nearly all real property held for business or investment purposes is considered to be “like-kind” to all other real property.
The following types of property are often exchanged with taxes deferred: