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Tax Exchange Package Ohio  Form

Tax Exchange Package Ohio Form

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hi friends for today's 1031 exchange fact we're going to get Fly Like G6 okay well it may not be as much fun as getting fly Like a G6 but it is all about the G6 rule a question often asked is when can a qualified intermediary release funds in an exchange as a Qi we are required to follow the G6 Safe Harbor and payment is pursuant upon the written exchange agreement three things that can happen within that 45-day identification process is one the exchanger does not find a suitable property to purchase in this case the exchanger can cancel their exchange on day 45 all proceeds are released back to the exchanger on day 46 and the funds received would be taxed as a regular sale second thing that can happen is the exchanger identifies property and somehow it just falls through within that 45-day window the exchanger has the ability to identify new property and submit a new ID form to the QI by day 45 at midnight last and worst case scenario if an exchanger identifies propert

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