Does My Qualified Intermediary Prepare My 1031 Exchange IRS Paperwork?

Yes, your Qualified Intermediary (QI) typically prepares the necessary 1031 exchange paperwork for the IRS, such as the exchange agreement and other required documents to facilitate the exchange. However, it is important to note that the QI does not file the forms directly with the IRS for you. You, or your tax advisor, are responsible for reporting the 1031 exchange on IRS Form 8824 when filing your annual tax return. The QI will assist in providing the necessary documentation, but it's still advisable to work closely with your tax professional to ensure accurate reporting.