Simple Guide to Choosing a 1031 Qualified Intermediary

7 Questions To Consider Before Choosing An Accommodator For 1031

As you are rushing to decide on the sale of your property, one of the things that most people think about is selecting a qualified intermediary, also known as “QI” (a.k.a.” exchange accommodator” (also known as “facilitator”). In the end, aren’t they precisely the same? Aren’t all intermediaries who are qualified “qualified”? Yes, not necessarily. …

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How to Report the Sale of Inherited Property On a Tax Return

How Do You Report The Sale Of The Inherited Property On A Tax Return?

President Biden proposes the elimination of a step-up in basis in inheritance property. Anyone who’s dealt with inheritance property knows how crucial the step-up of basis is. The step-up basis is essential if you’ve completed tax forms to sell your inherited property. For tax purposes, it’s called “fair market value.” We’ll look at tax forms …

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