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1031 Exchanges

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Michael Rutkowski
  • Specialist
  • Bozeman, MT
152
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236
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What are people paying in fees for a 1031 exchange?

Michael Rutkowski
  • Specialist
  • Bozeman, MT
Posted Oct 21 2021, 11:12

I'm trying to initiate a 1031 with a qualified intermediary, and have been quoted up to $3k for fees. Previously we were involved with one in a different state and they were only about $1k, but this was a few years ago. What are equity exchangers charging these days where you are from? Can I use any intermediary anywhere in the country, or do I need to use the ones in my state where my property is? I'm also looking to keep this between LLC's, and couldn't seem to get a sufficient answer from the lawyer I talked with. So I want to sell property from one LLC, and then buy a different property under a different LLC. Both are owned by me. Is the IRS going to allow that?

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