What is a Qualified Intermediary?
Q: What is a Qualified Intermediary (QI)?
A: A Qualified Intermediary (QI) is an independent party who facilitates tax-deferred exchanges pursuant to Section 1031 of the Internal Revenue Code. The QI cannot be the taxpayer or a disqualified person.
-Acting under a written agreement with the taxpayer, the QI acquires the relinquished property and transfers it to the buyer.