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.

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