Preliminary Qualifications

Click here to review the relevant IRS code. You may also consider consulting with your accountant and/or attorney to validate the 1031 exchange strategy for your specific situation.

Investment and business properties may qualify for a 1031 exchange deferral

Individuals, C corporations, S corporations, partnerships (general or limited), limited liability companies, trusts and any other taxpaying entity may set up an exchange

Property used primarily for personal use, like a primary residence or a second home or vacation home, DOES NOT qualify for like-kind exchange treatment.

Potential replacement properties must be identified within 45 days from the date you sell the relinquished property

Replacement property must be received and the exchange completed no later than 180 days after the sale of the relinquished property or the due date (with extensions) of the income tax return for the tax year in which the relinquished property was sold, whichever is earlier.