Execution
Qualified Intermediary Coordination
Escrow, wire control, and document flow with preferred QIs.
Explore our services
Based in Boston, MA. Nationwide identification support in 45-day and 180-day windows.
Our Qualified Intermediary Coordination service helps investors in Boston, MA effectively work with Qualified Intermediaries to structure and execute successful 1031 exchanges. This service provides comprehensive coordination, documentation support, and process management to ensure your exchange proceeds are properly handled, all deadlines are met, and compliance is maintained throughout the exchange process. We help investors understand the Qualified Intermediary's role, coordinate exchange agreement execution, manage wire transfers and escrow arrangements, and ensure proper documentation flow between all parties. The service includes coordination with qualified escrow agents, timeline management for 45-day identification and 180-day completion deadlines, and oversight of exchange proceeds handling. We work with your Qualified Intermediary to ensure identification letters are properly delivered, replacement property acquisitions are correctly structured, and all exchange documentation is complete and accurate. Our team provides detailed process guidance, deadline tracking, and coordination services to help you navigate the complexities of working with Qualified Intermediaries while maintaining full exchange compliance. Whether you're conducting your first exchange or managing complex multi-property exchanges, we help ensure seamless coordination with Qualified Intermediaries and qualified escrow agents to protect your exchange eligibility and maximize tax deferral.
Common replacement classes
What's included
Example Engagement
Coordinate Qualified Intermediary services for a client conducting a $20 million exchange, managing exchange agreement execution, identification letter delivery, proceeds handling, and coordination with qualified escrow agents throughout the 180-day exchange period.
Client Situation
A Boston-based investor was conducting a complex exchange involving multiple replacement properties and needed comprehensive coordination with a Qualified Intermediary. The client required help managing exchange agreements, identification letter delivery, proceeds handling, and ensuring all documentation and deadlines were properly managed.
Our Approach
We facilitated Qualified Intermediary selection, coordinated exchange agreement execution, managed identification letter delivery and acknowledgments, coordinated with qualified escrow agents for proceeds handling, and provided ongoing oversight throughout the exchange. We tracked all deadlines, verified documentation completeness, and ensured seamless coordination between all parties.
The client successfully completed their exchange with full tax deferral, with all Qualified Intermediary services properly coordinated, all documentation complete and accurate, and all deadlines met. The coordination ensured smooth execution and maintained full compliance with IRS requirements throughout the exchange process.
FAQs
What is a Qualified Intermediary and why do I need one for my Boston, MA exchange?
A Qualified Intermediary in Boston, MA is a third party who facilitates your 1031 exchange by holding exchange proceeds and ensuring you don't have actual or constructive receipt of funds, which would disqualify the exchange. The Qualified Intermediary coordinates with qualified escrow agents, receives your identification letters, and helps structure the exchange properly. We help Boston investors select Qualified Intermediaries, coordinate exchange agreements, and ensure proper execution of all Qualified Intermediary services throughout the exchange process.
How do identification rules work with Qualified Intermediaries for Boston, MA exchanges?
For Boston, MA exchanges, identification letters must be delivered to your Qualified Intermediary or other qualified person within 45 days of transferring your relinquished property. We coordinate identification letter drafting and delivery, work with Qualified Intermediaries to verify proper receipt and documentation, and ensure all identification rules are satisfied. We also coordinate with qualified escrow agents to verify property acquisitions align with identified properties and meet exchange requirements.
What happens if I receive boot when working with a Qualified Intermediary in Boston, MA?
If you receive boot in your Boston, MA exchange, the Qualified Intermediary will document the boot amount, which may be taxable. We help structure exchanges to minimize boot, coordinate with Qualified Intermediaries to ensure proper boot calculation and documentation, and work with qualified escrow agents to verify all proceeds are properly accounted for. Our coordination helps you understand boot implications before finalizing property acquisitions.
How are exchange proceeds handled by Qualified Intermediaries for Boston, MA investors?
For Boston, MA investors, Qualified Intermediaries hold exchange proceeds in qualified escrow or qualified trust accounts, ensuring you don't have actual or constructive receipt of funds. We coordinate with Qualified Intermediaries and qualified escrow agents to establish proper account structures, manage wire transfers, and ensure funds are disbursed appropriately for replacement property acquisitions. Our service includes oversight of proceeds handling and coordination to ensure compliance throughout the exchange process.
What documentation does a Qualified Intermediary provide for my Boston, MA exchange?
Qualified Intermediaries for Boston, MA exchanges provide exchange agreements, identification letter acknowledgments, settlement statements, and other documentation required for exchange compliance. We coordinate documentation flow, review exchange agreements, and ensure all required documents are properly executed. We work with Qualified Intermediaries and qualified escrow agents to verify documentation completeness and accuracy, helping protect your exchange eligibility.
How do I choose a Qualified Intermediary for my exchange in Boston, MA?
When choosing a Qualified Intermediary for your Boston, MA exchange, consider their experience, bonding, insurance, and reputation. We help investors evaluate Qualified Intermediary options, coordinate initial consultations, and facilitate exchange agreement execution. We work with preferred Qualified Intermediaries and qualified escrow agents who have proven track records and proper credentials, ensuring your exchange is handled by qualified professionals.
Next Steps
Ready to lock in your 1031 strategy?
Tell us about your exchange goals in Boston and we’ll share a personalized property identification plan within one business day.