CPA Guidance + QI Coordination

What the Qualified Intermediary coordinates

The engagement should begin before the relinquished property closes. The Qualified Intermediary prepares the exchange agreement and assignments, supplies closing instructions, receives the investor's written replacement-property identification, and coordinates the transfer of exchange funds for the replacement closing.

• Exchange agreement and transaction assignments
• Coordination with escrow or title before the sale closes
• Tracking of the 45-day identification period
• Tracking of the 180-day exchange period
• Documentation package for the investor and tax preparer

What CPA-led means

CPA-led does not mean that every exchange receives a tax opinion or that the Qualified Intermediary replaces the investor's tax preparer. It means the workflow is built to surface basis, depreciation, entity, debt, boot, and reporting questions early enough for the investor's advisors to review them.

Questions to resolve before closing

Investors should confirm who owns the relinquished property, how replacement title will be held, whether any cash or debt reduction may create taxable boot, and whether the planned properties are held for investment or business use. Transaction-specific conclusions belong with the investor's CPA and attorney.

Why early engagement matters

Taking control of sale proceeds before the exchange is complete may disqualify deferred-exchange treatment. Contacting the Qualified Intermediary before closing gives escrow, title, and the advisory team time to coordinate the required documents and instructions.