The Qualified Intermediary withheld taxes for her at 10% and gave her proceeds of roughly $57K.So the question is, does she have to report the proceeds that she is receiving?

Now, the hotel has a real estate component and a business component; depending on what type of property is being relinquished will determine whether a partial stake in the hotel would qualify.Lastly, I will add that the 1031 must be executed by a Qualified Intermediary (QI).

The FSBO seller on the other hand will find his FSBO a magnet for every wholesaler, investor, and flipper some of who will be honest and upfront and some of who will try to disguise themselves as end buyers and not financial intermediaries looking to tie up the property for little or no option money and sell for a higher price.Good luck 

They can use this money to purchase the new primary.The Key to a successful 1031 is that they need to use the services of qualified intermediary who in an unrelated 3rd party in addition to all of your regular vendors. 

Let me know if you need an intermediary recommendation for the 1031. 

I have $125k sitting with the intermediary. 

A Qualified Intermediary must also be used to facilitate the transaction by holding the profits from the sale and then disbursing accordingly.  

A MBB only acts as intermediary between lender and borrower.

You can treat the receipt of the earnest money deposit as taxable boot, and defer everything else through the 1031 Exchange, or you can contribute the earnest money deposit back into escrow, then structure the 1031 Exchange transaction with a Qualified Intermediary, so that everything would be tax-deferred.Has the property been held, treated and reported as rental, investment or business use property since you in your sibling inherited the property customer.

Looking for recommendations for a 1031 exchange intermediary in Wisconsin.