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1031 Exchange Best Practices Factsheet

20th Dec 2023

When performing a Section 1031 like-kind exchange, exchangers must choose a Qualified Intermediary to hold funds during the exchange. Whether you’re performing a forward or reverse exchange, you will need a QI, and should select one that follows industry best practices.

Beyond achieving compliance with IRS rules so your exchange successfully qualifies for tax deferral, you also want to make sure your funds are secure while held by the QI and that you have access to exchange information at all times. JTC has developed a set of best practices that, when followed, offer exchangers greater assurance that the QI is doing its job properly. Some of the security measures we’ve been the first to implement have since become industry standard, and we see it as our duty to educate exchangers on the most up-to-date best practices for the 1031 exchange industry.

In this factsheet, you’ll learn the current industry best practices for Qualified Intermediaries in three major areas: security of funds, transactional transparency, and regulatory compliance. You’ll also learn the benefits of working with an experienced QI that provides the highest level of protection and visibility for your exchange, and how JTC is working to improve practices for all exchangers. This is a great resource for anyone looking to pursue an exchange who wants to make sure they find the right service providers to ensure a successful exchange.

Fill out the form to download the Best Practices for a 1031 Like-Kind Exchange factsheet.

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