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Updated almost 4 years ago,

User Stats

215
Posts
157
Votes
Kristin Kiddy
  • Real Estate Agent
  • Ormond Beach, FL
157
Votes |
215
Posts

1031 Exchange Question - Simultaneous Closing

Kristin Kiddy
  • Real Estate Agent
  • Ormond Beach, FL
Posted

Hello.  Please advise!  Do you HAVE to use a Qualified Intermediary for an exchange?  I know you don't need one for a swap, but that is not my case.  I am selling one property and purchasing another.  I might be able to close on both on the same day.  But everywhere I look, it says you MUST use a QI except for a swap if you want the IRS to allow it.  Anybody have personal experience with this?

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