The 1031 Exchange Timeline

and All The Other Rules!

A 1031 exchange timeline is worth investigating and enduring the hassle of abiding by. Here’s why…

When you sell an investment property at a profit, you typically have to pay taxes of up to 20-35% (depending on what state you live in) on that profit.

But with the 1031 exchange, you can take all of those taxes you would have paid, and invest them in another property.

What are the 1031 Exchange Rules?

Must be a like-kind property Investment or business purposes only Of greater or equal value

1.

2.

3.

Must not receive “boot” Same taxpayer (maintain same ownership)

4.

5.

45-day identification window 180-day purchase window

6.

7.

The same taxpayer rule simply means that the same taxpayer has to have their name on the old deed, and on the new one. If there are multiple owners, all of the owners must be on the new deed as well.

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