Important Notice: Our web hosting provider recently started charging us for additional visits, which was unexpected. In response, we're seeking donations. Depending on the situation, we may explore different monetization options for our Community and Expert Contributors. It's crucial to provide more returns for their expertise and offer more Expert Validated Answers or AI Validated Answers. Learn more about our hosting issue here.

When should the Taxpayer contact the Qualified Intermediary (QI)?

April 26, 2017contact intermediary qi qualified taxpayer

0

Posted

When should the Taxpayer contact the Qualified Intermediary (QI)?

1 Answer

0

Posted

The Taxpayer should contact the Intermediary prior to the close of the Relinquished Property (the property that is being sold). The QI is hired to provide the necessary documentation (the Exchange Agreement) before the Close of Escrow (COE) and hold the funds.