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Investors · PrimerFree from Heather Martin

1031 Exchange Primer

The basics of deferring gains on your next investment purchase, and the deadlines to watch.

HM
Heather Martin, REALTOR®eXp Realty · 602-909-7200

01The key dates

  1. 1Day 0: close on the saleProceeds go to a qualified intermediary, not to you.
  2. 2Day 45: identify replacement propertyIn writing, under the identification rules.
  3. 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

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Thinking about an exchange?Heather can walk you through it. No pressure, no obligation.
Heather Martin, REALTOR® · eXp Realty · [License #] · Equal Housing Opportunity. General information only, not legal, tax or lending advice. Programs, rates and rules change; verify with the appropriate professional. 1031 exchanges have strict rules. Always work with a qualified tax advisor and intermediary.