Invest · 1031
Let the investment lead.
An exchange is a planning consideration—not a reason to acquire the wrong property.
Strategic role
A qualifying like-kind exchange may defer recognition of gain when business or investment real property is exchanged for qualifying real property. Deferral is not the same as eliminating tax.
Replacement-property discipline
Define the income, risk, financing and ownership profile you want before selecting replacement candidates. A deadline should not substitute for underwriting.
Coordinate before committing
Engage qualified tax and legal professionals and, where appropriate, a qualified intermediary early. Confirm eligibility, deadlines, handling of proceeds and reporting for your specific transaction.
Supporting sources
Educational only; not tax or legal advice. Exchange eligibility and execution are transaction-specific. Coordinate with qualified tax and legal professionals.
Continue your research
General educational guidance. Verify current requirements and obtain qualified legal, tax, lending and insurance advice for your situation.