Tax Concepts

Qualified Intermediary (QI)

Independent third party holding 1031 exchange proceeds between sale and purchase.

Reviewed 9 August 2026 by Keiron Brown, Founder & Editor, CalculateRealEstateROI · Educational estimates only — not investment, financial, tax, or legal advice

Plain-English explanation

Required for 1031. Investor cannot touch the cash.

Examples

QI receives sale proceeds, funds replacement property purchase 90 days later.

Common mistakes

Hiring QI after closing the sale (too late).

Qualified Intermediary (QI)

Plain-English explanation

Examples

Common mistakes

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