The IRS requires that all properties involved in an exchange need to be like-kind properties. Find out the definition of like-kind with this video.
Both your equity and your capital gain are important figures in a 1031 exchange. See how you can calculate your equity and capital gain yourself with this video.
These are the most popular exchanges in which you have a total of 180 days to complete the exchange and 45 days to identify what you expect to buy.
There are times when Exchangers need to buy before they sell. This can be accomplished with a reverse exchange. Find out about reverse exchange logistics here.
On occasion an Exchanger may need to complete some improvements to the Replacement Property. See how improvement exchange logistics work.
The IRS has set forth some specific rules for identifying your potential Replacement Property within your 45 day ID period. See the ID rules with this video.