1031 CLOSING HANDOFF RECORD | 721 UPREIT Pros | September 16, 2026
Education, not an identification form, closing instruction or tax opinion.

Investor/entity: __________________  Property: __________________
QI/contact: __________________  Closing agent: __________________
Tax preparer/counsel: __________________  Advisor: __________________
Use secure channels. Do not enter passwords or full account identifiers here.

DEADLINES: obtain written professional confirmation
Actual transfer date/evidence: __________________
45-day identification date and delivery procedure: __________________
180-day date: __________________
Applicable tax-return due date including valid extension: __________________
Earlier controlling receipt deadline / special relief verified by: __________________
Target replacement closing (not a legal extension): __________________

EXAMPLE ONLY: September 16, 2026 +45 days = October 31, 2026.
+180 days = March 15, 2027. Assumes no earlier return deadline or relief.
Both counts start at transfer. Your professionals must confirm actual dates.

For EACH handoff below use these fields:
Responsible professional | file/version | requested | received | reviewed |
unresolved question | resolution/evidence | timestamp | next action

1. Taxpayer/entity names and ownership questions
2. Pre-sale exchange agreement, required assignments and notices
3. QI/closing-agent proceeds instructions
4. Confirmed actual transfer and replacement deadline calendar
5. Signed replacement identification and delivery evidence
6. Accepted replacement documents, allocation and conditions
7. Reconciliation of proceeds, debt, costs and additional/returned cash
8. Independently verified funding instructions
9. Final receipt/ownership confirmation and closing statements
10. Tax-file handoff: basis, depreciation, costs, debt and reporting questions

Statuses: requested / received / reviewed / resolved.
Receipt is not legal sufficiency or suitability. A potential later 721
contribution is separate from today's exchange and is not guaranteed.

Full explanation and sources:
https://721upreitpros.com/articles/1031-closing-handoff-checklist