
1031 Exchanges of Investment Real Estate
Qualified Intermediary Services
Allomong & Associates, PC, we don’t just explain 1031 exchanges — we run them from start to finish as your Qualified Intermediary (QI). With nearly two decades of closing experience, we know the IRS rules inside and out, and we know how to keep investors safe — every deadline is tracked, and every client gets clear, straightforward answers. Whether you’re buying, selling, investing, or exchanging, we deliver closings that are efficient, compliant, and built to protect your interests.
How Allomong Serves Clients as QI
Pre-Exchange Planning
Review your contract of sale before closing
Advise on eligibility, like-kind rules, and potential pitfalls
Coordinate with your CPA to confirm tax treatment
Document Drafting & Execution
Prepare the Exchange Agreement, Assignment of Sale, and Notice to Buyer
Handle Assignment of Purchase for your replacement property
Provide templates for identification letters and IRS-compliant notices
Funds Handling & Escrow
Secure exchange proceeds in a segregated, attorney-controlled escrow account
Wire verification and anti-fraud safeguards built into every transfer
Daily tracking of balances and transactions
Deadline Tracking
45-Day ID Period → reminders + review of property IDs for compliance
180-Day Closing Period → calendar management so no deadline is missed
Closing Coordination
Liaise with title, lenders, and closing attorneys to integrate exchange documents
Deliver assignment paperwork at closing so it’s seamless for all parties
Compliance & Audit Trail
Provide a full accounting of exchange funds and transactions
Maintain a file that stands up to IRS review
Why Choose AA as Your QI
Attorney oversight: every step supervised by a licensed NY real estate attorney
Direct access: you deal with us, not a call center
Dual perspective: we see exchanges from both the legal and practical side — structuring contracts, closings, and exchange agreements so they actually work in the real world
NY + Florida coverage: handling local rules, title practices, and timelines in both jurisdictions
The Bottom Line
A 1031 exchange is too important to risk with a cookie-cutter facilitator. At Allomong & Associates, we’ve built our reputation on closings, and we perfected 1031 exchanges by combining legal precision with practical deal-making.