Q1: What are the requirements for a valid exchange?  ANSWER

Q2: When can I take money out of the exchange account?  ANSWER

Q3: Can the replacement property eventually be converted to the taxpayer's primary residence or a vacation home? ANSWER

Q4: What is a qualified intermediary (QI)? ANSWER

Q5: If the taxpayer has already signed a contract to sell the reliquished property, is it too late to start a tax-deferred exchange? ANSWER

Q6: What if the taxpayer cannot identify any replacement property within 45 days, or close on a replacement property before the end of the exchange period? ANSWER

Q7: Is there any limit to the number of properties that can be identified? ANSWER

Q8: What are the requirements to properly identify replacement property? ANSWER

Q9: What is a tax-deferred exchange? ANSWER

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