Realized Blog

Sam Kohler

Recent Posts

What Is the Difference Between a Qualified Intermediary and FATCA?

A Qualified Intermediary or QI is a key participant in a 1031 exchange and is critical to the successful outcome of the transaction. Sometimes referred to as a 1031 Exchange Accommodator, the QI is responsible for the following actions:

Posted by Sam Kohler on Oct 19, 2021

Qualified Intermediary Withholding: Everything You Need to Know About QI Agreements, Statements & Foreign Partnerships

Mention the words “Qualified Intermediary” and the next thing that might come to mind is “1031 exchange.” Certainly, QIs are essential when it comes to the successful execution of a real estate like-kind exchange. In this case, the entity, also known as the accommodator, acts to change a sale to a buyer and a purchase from a seller into an exchange of the one for the other. In addition, the QI prevents the taxpayer from being considered in actual or constructive receipt of the proceeds during the interim period between the sale and purchase.

Posted by Sam Kohler on Aug 11, 2021

What Are Qualified Intermediary Regulations, Responsibilities, and Obligations?

We discuss the topic of qualified intermediaries frequently at Realized Holdings, and for very good reason. The QI (also known as a facilitator or accommodator) can mean the difference between a successful 1031 exchange, and one that might fail and be challenged by the IRS. A reputable, experienced qualified intermediary must follow certain regulations, responsibilities, and obligations. To understand the activities of this entity requires an understanding of why it’s involved, in the first place.

Posted by Sam Kohler on Jun 30, 2021

What is a Non-Qualified Intermediary?

Anyone embarking on the 1031 exchange process understands that an independent entity, responsible for facilitating transfer of the proceeds, is necessary to ensure a successful property swap. Known as the Qualified Intermediary (QI) or sometimes, accommodator, this entity takes control of the funds, from the moment the relinquished property is sold, until the purchase of the replacement property. 

Posted by Sam Kohler on May 1, 2021

Does a 1031 Qualified Intermediary Have to Reside in the Same State Where the Original Property Was Sold?

For an investor engaged in a 1031 exchange transaction, the Qualified Intermediary's correct utilization is one of the key elements to success. The Qualified Intermediary, sometimes referred to as a 1031 exchange accommodator, is an independent entity that facilitates the transfer of proceeds from the sale of the relinquished property into a holding account and from the holding account to the purchase of the replacement property. This intervention is essential to avoid the taxpayer having control over the funds between the sale of the original property and purchase of the replacement.

Posted by Sam Kohler on Feb 18, 2021

How to Properly Vet a Qualified Intermediary

For a taxpayer seeking to defer recognition of capital gains by completing a 1031 exchange, one of the key determinants of success is often in the selection of the Qualified Intermediary (QI) used to facilitate the transactions. The reason for the importance of this role is the crucial tasks for which the QI is responsible. Mistakes by a Qualified Intermediary can result in the IRS disallowing the deferral.

Posted by Sam Kohler on Feb 10, 2021

Who Helps Me With My 1031 Exchange?

What are the different advisory roles needed to execute a 1031 exchange successfully? You'll have direct interaction with some of the people involved with your 1031 exchange. At the same time, others will be behind the scenes, although they are just as important. In this article, we'll look at the different roles you'll interact with when executing a 1031 exchange.

Posted by Sam Kohler on Oct 27, 2020

Topic: 1031 Exchange


What Is A Preliminary Change of Ownership Report?

California residents performing a real estate transaction will be somewhat familiar with the PCOR form. PCOR stands for Preliminary Change of Ownership Report. It is found in the opening document forms (following grant deed or quitclaim deed) that are part of the opening escrow process. The PCOR and its potential follow up form, the COR, are both important documents and should not be overlooked. Doing so can cost you thousands of dollars in penalties. In this article, we’ll go over the PCOR’s purpose and what’s involved with filling one out.

Posted by Sam Kohler on Aug 18, 2020

Industry Trends for Qualified Intermediaries to Consider as Filing Deadline Approaches

As we approach the July 15, 2020, Internal Revenue Services filing deadline amidst the global pandemic, our team at Realized wanted to share some thoughts and statistics that we are seeing in the market. Our goal with this data is to help Qualified Intermediaries (QIs) and their clients better navigate the next three weeks leading up to the deadline.

Posted by Sam Kohler on Jun 26, 2020

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