Choosing a Qualified Intermediary
Because of the large potential capital gain and depreciation tax sanctions should your exchange not be accommodated correctly, selecting the right Qualified Intermediary to facilitate your exchange can be pretty important. WE were recently reminded of how impprtant it is to choose the right QI, when a few months ago, the captive exchange compnies belomguing to the two largest title insurance comoanies were shut down broefly because of ransomware attach. All theri Exchanger data was co=mpropmised, and many Exchangers had to worry if they could successfully close on the replavcement property before the expiration of their 180 day exchange period. Make sure you pick a QI who takes the security of your personal and transactional data and the safety of your exchange proceeds as seriously as you do. If they'd rather not talk about data and funds security when you inquire, there may be a reason?
