LEARN / 1031 EXCHANGE RULES
The essential 1031 exchange rules
A practical introduction to the deadlines and property requirements that shape a successful like-kind exchange. Always consult qualified legal and tax advisors for advice specific to your situation.
01 · Sell your property
Begin the exchange with a qualified intermediary before your sale closes.
02 · Identify replacements
Identify potential replacement properties within 45 calendar days.
03 · Select and contract
Select the right property and coordinate each party through the exchange.
04 · Complete your purchase
Close on your replacement property within the 180-day exchange period.