This 1031 Exchange Agreement ("Agreement") is entered into by and between,1031 Exchange Agreement • September 2nd, 2020 • Michigan
WHEREAS, EXCHANGOR desires to enter into a Sales Agreement with respect to the Relinquished Property, whereby the EXCHANGOR will sell the Relinquished Property to a BUYER and said BUYER will purchase the Relinquished Property from EXCHANGOR in accordance with said Sales Agreement; and
Independently Owned and Operated A National Qualified Intermediary1031 Exchange Agreement • July 18th, 2014
Tax Free Exchange - The parties acknowledge that the Seller intends to perform an IRC Section 1031 Like-Kind Exchange and will be assigning the contract rights to 1031 Exchange Specialists, Inc., of 1155 Asbury Avenue, Ocean City, New Jersey, as Qualified Intermediary. Buyer agrees to sign any and all documents necessary to assist the Seller in completing this tax free exchange, with the understanding that there will be no additional cost or liability to the Buyer.
There is a trade-off when a taxpayer is conducting a 1031 exchange with a qualified intermediary.1031 Exchange Agreement • April 11th, 2021
For the taxpayer to not recognize the gain on the sale, the taxpayer must give up some control over the exchange proceeds during the exchange period.
