Partition And Exchange Agreement With Qualified Intermediary In Ohio
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This Partition Agreement is an Agreement for the Partition and Division of Real Property. This is a Voluntary agreement to partition and divide real property. This Agreement can be used in any state. This Agreement is to be signed in front of a notary public.
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A qualified intermediary holds the proceeds from the sale, transferring them to the identified like-kind property owner. With 1031X in Ohio, you can work with a committed, experienced Qualified Intermediary (QI) with solutions for nearly any strategy.1031 Exchange through Wolterman Law provides families the opportunity to acquire several properties in exchange for one large property. Using a qualified intermediary (QI) converts the sale and the purchase into an exchange and creates the opportunity for tax deferral. A Qualified Intermediary is an independent party who facilitates tax-deferred exchanges pursuant to Section 1031 of the Internal Revenue Code. In a forward 1031 exchange, the taxpayer and the qualified intermediary (QI) set up an exchange agreement before any sales transaction. We facilitate and support 1031 Exchanges of investment properties for tax deferral and to maximize investment dollars. The IRS strictly limits how much time you get to complete a 1031 exchange. You must follow these rules. The seller's rights under this agreement may be assigned to a qualified intermediary, for the purpose of completing such an exchange.