1031 Basics: Delayed Exchange Checklist

(Per Asset Preservations, Inc.) 1. Review the entire transaction with tax and/or legal advisors. 2. Enter into an “assignable” contract to sell the relinquished property. Execute contract with the exchanger’s name and/or assigns. 3. Before closing, contact Qualified Intermediary to initiate the exchange transaction. 4. Intermediary will prepare the exchange documents for the relinquished property [...]

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