CPA-led 1031 exchange guide
Qualified Intermediary — With CPA-Led Guidance
A Qualified Intermediary (QI) holds the sale proceeds, prepares the exchange documents, and keeps the funds outside the investor's control. Brandon adds CPA-led planning and guidance, while i1031 remains responsible for the separate QI execution.
What the QI actually does
The QI sits between you and the closing table. They sign the exchange agreement, assign into your sale and purchase contracts, hold the funds in a segregated account, accept your written identification, and wire funds to the replacement closing.
Why the CPA lens matters
The QI handles documents and funds; Brandon separately helps surface planning questions about boot, depreciation recapture, basis, debt, and entity structure for the investor's advisors to resolve.
Choosing a QI
Look for segregated qualified escrow accounts (not commingled), bonding or insurance, written exchange agreements you can read, and responsive service during the 45-day window. i1031 provides the separate Qualified Intermediary engagement.
Frequently Asked Questions
Is the QI the same as a closing agent?
No. The closing agent (title or escrow) handles the property transfer. The QI handles the exchange documents and holds the proceeds separately.
Can my CPA be my QI?
Generally no — your own tax advisor may be a disqualified person under the regulations. Brandon provides CPA-led guidance and coordinates the separate QI execution through i1031 while working with your existing tax preparer.
Who handles the exchange funds?
i1031, as the Qualified Intermediary, handles custody and disbursement of exchange proceeds. Brandon does not receive, hold, or wire client exchange funds.