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Seeking CPA recommendations for 1031 Exchange

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Stoyan_Tech
Joined:
06.02.2024
Posts: 1795
Topic Starter
26.01.2025 03:34
I am currently in the process of selling an investment property and am looking to defer my capital gains taxes through a 1031 Exchange. The rules seem quite specific regarding the timeline and the use of a qualified intermediary, so I want to make sure I don't miss any deadlines. Does anyone here have experience with a CPA who specializes in real estate tax strategy and has successfully handled 1031s before? I would prefer someone based in the Pacific Northwest, but I am open to remote firms if they are reputable. Any advice or direct referrals would be greatly appreciated.
20 replies in this topic
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ekspert_forum
Joined:
15.09.2023
Posts: 1886
04.02.2025 11:31
I used a firm in Seattle last year for my exchange. They were pricey, but the peace of mind knowing the 45-day ID period was handled correctly was worth every penny. Send me a DM if you want their contact info.
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NqkoiNesh
Joined:
24.05.2023
Posts: 1377
13.02.2025 05:17
In reply to a previous post
Definitely don't try to DIY the Qualified Intermediary part. The IRS is extremely strict about the 'constructive receipt' of funds. You need a pro.
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seba_bg
Joined:
26.10.2020
Posts: 1889
28.02.2025 14:35
Does anyone know if 1031s still apply to commercial properties in the same way they do residential? I've heard conflicting info lately.
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star_vulk
Joined:
15.01.2020
Posts: 694
01.04.2025 23:44
In reply to a previous post
Yes, they apply to both, but the tax code is complex. Just make sure your CPA understands the current depreciation recapture rules too.
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Maistor_Ivan
Joined:
26.06.2021
Posts: 2317
30.04.2025 00:29
Check out a firm called Miller & Associates in Portland. They specialize in real estate investors and have handled dozens of 1031s for my group.
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Fari_P
Joined:
27.08.2024
Posts: 858
11.05.2025 13:29
In reply to a previous post
Seconding that recommendation for Miller & Associates! They are very responsive to emails, which is a rare trait for a good CPA.
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ObiknovenChovek
Joined:
20.07.2020
Posts: 1106
17.06.2025 22:42
In reply to a previous post
I'm in the same boat, just started looking for a QI. Are you guys choosing a national company or a local boutique?
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ChernaKotka
Joined:
07.06.2024
Posts: 807
26.06.2025 21:09
In reply to a previous post
I went with a national QI firm last time because they had better insurance coverage for the escrow funds. Felt safer.
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jacek_bg
Joined:
17.06.2023
Posts: 371
29.06.2025 01:18
Make sure you have your replacement properties lined up before you even close on the sale. The clock starts ticking the moment you hand over the deed.
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Goshko_Bolo
Joined:
16.05.2023
Posts: 1628
13.07.2025 02:51
In reply to a previous post
That is great advice. I made the mistake of waiting too long and ended up overpaying for a property just to meet the deadline.
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star_vulk
Joined:
07.07.2020
Posts: 177
13.08.2025 05:29
I've used a remote firm based in California for three exchanges now. They use a secure portal for everything, so location honestly doesn't matter much anymore.
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Iggy_R
Joined:
06.05.2021
Posts: 913
17.08.2025 15:20
In reply to a previous post
Could you drop the name of that remote firm? I'm having trouble finding someone in the PNW who isn't booked out for months.
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SamoPitam
Joined:
18.12.2023
Posts: 920
26.09.2025 21:44
Whatever you do, stay away from the big box tax chains. They usually don't have the specialized knowledge for complex real estate transactions.
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lubopiten_k
Joined:
02.08.2023
Posts: 935
10.10.2025 00:51
In reply to a previous post
Completely agree. H&R Block is not going to cut it for a 1031 exchange.
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Poli_H
Joined:
26.05.2020
Posts: 877
20.10.2025 00:52
Is there a minimum profit threshold where a 1031 isn't worth the hassle of the fees?
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Lori_N
Joined:
06.03.2023
Posts: 1655
24.11.2025 01:29
In reply to a previous post
Usually, if your capital gains tax is going to be under 10k, the QI fees and extra accounting costs might eat up most of your savings.
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kamilo
Joined:
05.11.2020
Posts: 958
27.11.2025 19:45
I'm currently working with a firm in Bellevue that is excellent. They focus entirely on high-net-worth real estate portfolios.
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ZlatnaRuka
Joined:
05.06.2022
Posts: 850
11.01.2026 07:46
In reply to a previous post
Thanks for the heads up! Do they handle the tax filing for the exchange as well, or just the strategy?
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Znaesht
Joined:
11.12.2021
Posts: 1595
23.01.2026 09:19
Good luck with the sale! It's a stressful process, but having a solid CPA makes it feel like a breeze.
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anonimen_bg
Joined:
13.03.2023
Posts: 683
06.02.2026 16:39
In reply to a previous post
Just remember that you have to reinvest the *entire* amount of the sale proceeds to fully defer, including the debt you're paying off. Don't forget that part!

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