Crooked Qualified Intermediaries Hurting The 1031 Exchange Industry

The Denver Post recently ran a story on what could happen to you if, in the course of doing a tax free, Section 1031 exchange of real estate (in order to defer tax liability on the appreciatioon of investment real estate), you entrust the proceeds of your sale with a qualified intermediary who turns out to be a crook. If your interested, see Legal tax deal could cost you.

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