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Updated over 3 years ago on .
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doing a 1031 without using a QI
We did a flurry of 1031 stuff a few years ago and parts went well and other parts were a hot mess. We are getting ready to sell one of the houses and buy a different one and I don't want to pay the piper. But I've determined the math on using QIs, in addition to the parts that were a hot mess, is such I don't want to use one. I assumed this was like "doing your taxes" where you are taking your life in your hands without a dedicated professional- but then I read some stuff that sounded like you were LITERALLY NOT ALLOWED to do it without one. Can someone shed some light?
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- Real Estate Professional
- West Palm Beach, FL
- 13,508
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@Jackson Long Trying to save less than $1000 by not using a professional QI just seems incredibly ridiculous.