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Updated about 3 years ago on . Most recent reply presented by

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Russell Sherman
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25
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QI’s, CPA’s, 1031’s, DST’s/Mineral Rights Confusion

Russell Sherman
Posted

I expect to sell a single family property that was held as a rental property in the next few weeks. I plan to roll the gain into several DST's and mineral rights.

As I research QI's I see companies such as Asset Preservation Inc. offering their services in conjunction with DST's. Do they offering broker services? I thought they merely held the funds.

If QI's do not offer brokering services, am I better off working with a RIA or a broker, such as Peregrine? I have not found a broker that deals in DST's as well as mineral rights. It seems easier to use one person to handle all the exchanges but maybe that is not possible.

Finally, whose responsibility is it to make sure all tax rules are followed?  As I ask tax questions (I qualify for rule 2005-14 allowing the combination of 1031 & 121 exclusion) I am told they are not legally allowed to offer tax advice and to talk to a CPA.  So do I need a CPA to watch over the QI?  

I'm trying to learn as much as possible as I narrow down various QI's and DST brokers. I am coming across alot of contradictory information.

 

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