1031 Exchange Basics

Simply to defer paying capital gains taxes on the sale of real estate. Estimate this tax

  You need to reinvest the net sale price of your relinquished property. (more)

For both the relinquished and replacement properties: (more details)

• Any real estate that you where you or your family do not live for 2 years prior to the exchange and 2 years after the exchange. 
• The type of Real Estate could be any including Commercial, Raw Land, Rental House, Apartments, Farmland, even water/mineral rights or easements.  You can exchange out of any of these and then into any of these (all are "like-kind").
• Here are examples of properties that do not qualify – your home, property you bought with the intention of selling quickly (spec houses, building lots, flips, etc.), Equity/Stock (i.e. REITS or interest in LLC’s), notes and loans. 

• You have 45 days from the closing of the sale of your relinquished property to identify up to 3 properties that you ‘might’ buy
• You have 180 days from the closing of the sale of your relinquished property to close on 1 or more of your identified properties.
• (more details)

The title holder of the relinquished property must be the same as the new title holder of the replacement property. (more)

You MUST use a Qualified Intermediary (QI) to facilitate your exchange… 

AND - what do you know - we are a QI. We would LOVE to help you do your exchange.