Qualified Intermediary Placement
Bonded intermediary matching and coordination for exchange trust account setup
Qualified Intermediary placement services connect investors with bonded intermediaries and coordinate exchange trust account setup for 1031 exchange transactions. We match investors in Columbus, OH with Qualified Intermediaries who meet bonding requirements, have established trust account structures, and provide compliant exchange coordination services. Our placement process includes intermediary qualification verification, trust account setup coordination, and documentation review to ensure all exchange requirements are met. We coordinate with Qualified Intermediaries to establish qualified escrow arrangements, facilitate identification letter processing, and ensure proper fund handling throughout the exchange period.
Our Columbus, OH team understands the critical role Qualified Intermediaries play in exchange compliance, including the requirement that exchange proceeds be held in qualified escrow or trust accounts. We verify intermediary bonding, review trust account structures, and ensure all documentation meets IRS requirements for exchange coordination. We coordinate the setup process to align with both the 45-day identification deadline and the 180-day closing requirement, ensuring seamless integration with property identification and closing timelines.
What's Included
- Qualified Intermediary matching and placement
- Bonding and insurance verification
- Trust account setup coordination
- Qualified escrow arrangement establishment
- Exchange agreement documentation review
- Identification letter processing coordination
- Fund handling and distribution coordination
- Closing coordination support
Common Situations
Investor in Columbus, OH needs Qualified Intermediary placement for first-time exchange transaction
Portfolio owner completing multiple exchanges requires coordinated intermediary services
Investor switching Qualified Intermediaries mid-exchange needs seamless transition coordination
Frequently Asked Questions
What identification rules apply when working with a Qualified Intermediary in Columbus, OH?
When working with a Qualified Intermediary in Columbus, OH, investors must follow identification rules including the three-property rule, 200 percent rule, or 95 percent rule. Identification letters must be delivered to the Qualified Intermediary before the 45-day deadline expires. The Qualified Intermediary coordinates identification letter processing and ensures proper documentation is maintained for IRS compliance.
How does boot handling work with Qualified Intermediaries in Columbus, OH?
Qualified Intermediaries in Columbus, OH handle boot by distributing non-like-kind value to the investor, which is subject to capital gains tax. Boot typically includes cash received, debt relief exceeding replacement property debt, or personal property included in the transaction. The Qualified Intermediary coordinates boot distribution and provides documentation for tax reporting purposes.
What bonding requirements must Qualified Intermediaries meet in Columbus, OH?
Qualified Intermediaries in Columbus, OH must maintain adequate bonding or insurance to protect exchange proceeds held in trust accounts. Bonding requirements vary by state and intermediary structure, but typically include errors and omissions insurance and fidelity bonds. We verify bonding adequacy and trust account protection before placement.
How do I verify a Qualified Intermediary's trust account setup in Columbus, OH?
Verification of Qualified Intermediary trust account setup in Columbus, OH includes review of trust account documentation, verification of account segregation from intermediary operating funds, confirmation of qualified escrow arrangements, and review of account terms and conditions. We coordinate these verifications as part of the placement process.
Can a Qualified Intermediary coordinate multiple replacement property closings in Columbus, OH?
Yes, Qualified Intermediaries in Columbus, OH can coordinate multiple replacement property closings within the 180-day deadline. The intermediary manages fund distribution across multiple properties, ensures proper documentation for each closing, and coordinates with lenders and closing agents to meet exchange requirements.
What documentation does a Qualified Intermediary provide for exchanges in Columbus, OH?
Qualified Intermediaries in Columbus, OH provide exchange agreement documentation, trust account statements, identification letter processing confirmations, closing coordination documentation, and final exchange summary reports. These documents are essential for tax reporting and IRS compliance verification.
Example Engagement
Example of the type of engagement we can handle
Client Situation:
Investor in Columbus, OH selling a commercial property needs Qualified Intermediary placement with verified bonding and trust account setup before closing
Our Approach:
We matched the client with a bonded Qualified Intermediary, verified bonding and insurance adequacy, coordinated trust account setup, reviewed exchange agreement documentation, and established qualified escrow arrangements
Expected Outcome:
Client was placed with a qualified intermediary meeting all bonding and trust account requirements, with exchange coordination services established before relinquished property closing
Educational content only. Not tax, legal, or investment advice. Not tax, legal, or investment advice. Consult a qualified intermediary and tax advisor before making decisions.
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