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1031 Exchange Primer
The basics of deferring gains on your next investment purchase, and the deadlines to watch.
Kelly Popovich, REALTOR®SunHaven Real Estate · 602-291-0419
01The key dates
- 1Day 0: close on the saleProceeds go to a qualified intermediary, not to you.
- 2Day 45: identify replacement propertyIn writing, under the identification rules.
- 3Day 180: close on the replacementThe 45 days count inside the 180.
02The basics
- Like-kind: generally real property held for investment or business use, for real property
- Qualified intermediary: you can't touch the money in between
- Equal or greater: buying equal or greater value and reinvesting all proceeds generally defers the most tax
03Questions for your CPA
0 of 4 doneThinking about an exchange?Kelly can walk you through it. No pressure, no obligation.