Recent 1031 Exchange Intermediary's Bankruptcy Filing Highlights Lack of Industry Oversight & Regulation

A recent article on the Florida Association of Realtors website reports:

• "The bankruptcy of a national 1031 exchange firm has jeopardized some real estate deals. It’s also highlighted a problem in the like-kind exchange system – a lack of federal oversight on this legal way to shield capital gains from the IRS."

For more, see 1031 exchange firm declares bankruptcy.

For those investors who are thinking of getting rid of one intermediary and transferring their investment funds to another, see Can I fire my Qualified Intermediary...?