JTC plc
Fund manager.
What is a 1031 exchange qualified intermediary?
“A qualified intermediary, or QI, is a neutral third party required under IRC Section 1031 to facilitate your exchange. The QI holds the proceeds from your sale in qualified escrow accounts , helps ensure funds are handled within IRS safe harbor regulations, and maintains the documentation needed to support the transaction.”
View in the company profileWhat types of 1031 exchanges does JTC handle?
“JTC supports a wide range of exchanges, including forward exchanges, reverse exchanges, build-to-suit exchanges, and transactions involving partial interests such as Tenant-in-Common structures or Delaware Statutory Trusts. Our specialists tailor each solution to the client’s needs, including more complex property, timing and ownership scenarios.”
View in the company profileWhat is the difference between a forward 1031 exchange and a reverse 1031 exchange?
“In a forward 1031 exchange, you sell your relinquished property first, identify potential replacement property within 45 days, and complete the purchase of the replacement property within 180 days.”
View in the company profileWhat are like-kind properties in a 1031 exchange?
“Under current tax law, 1031 exchanges can be used to defer taxes on the exchange of real estate held for business or investment purposes. For example, an office building may be exchanged for an apartment complex, or a shopping centre for raw land.”
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