1031 Education Center

1031 Exchange Processing

The tax deferred exchange of appreciated real property and the acquisition of replacement property has been a part of the Internal Revenue Code since 1921. And while most exchanges are completed easily, there are times when certain logistics or tax ramifications can complicate the process decidedly. This is why it is critical to work with not only a broker who is experienced with 1031 exchange, but also a Qualified Intermediary who has proven their ability to streamline your exchange and monitor your transaction appropriately.

As far as Qualified Intermediaries we appreciate the value proposition of Fyntex, one of the leading 1031 processors in the country. The technology with which they process any exchange is state of the art as well as the secure 24/7 visibility they provide to Exchangers. Lastly, but still important is their commitment to using only restricted 1031 exchange accounts to hold your 1031 exchange funds on deposit. This the absolute safest method for having your hard earned 1031 proceeds with any QI because your dollars will never be moved without your explicit authorization.

1031 Exchange Rules

Here are the key rules with which you'll want to become familiar

Setup Before Closing

You must select a Qualifed Intermediary and have your exchange documents prepared and executed prior to the close of your old property

180 Days to Exchange

You have a total of 180 days to complegte your exchange or whenever you tax return is due. Starting late in the year? Get an extension

45 Days to Identify

The IRS requires that you identify targeted Replacement Properties within 45 days of your closing and you must use one of three ID rules

Buy Up in Value

To have a totally tax deferred transaction do three things, buy equal or greater in value, move all cash to new property, & replace your debt

1031 Exchange Guide

This comprehensive tutorial explains everything 1031 from beginning to end.

Keys to Exchanging

Have a standard 1031 question? Check here and you'll probably find your answer.

1031 Exchange FAQ

Here is a multimedia oriented recap of the critical keys to 1031 exchanging.

1031 Exchange Math

It is important to understand how the math associated with a 1031 exchange can impacts your ownership. A completed 1031 exchange not only defers capital gain and depreciation recapture taxes, it also dramatically increases your buying power as well.

HOW MUCH PROPERTY SHOULD YOU BUY?

When considering a Replacement Property you need to know how much property value to acquire to successfully defer your capital gain and depreciation recapture taxes. To assist you, this nearby wizard will help you determine your ideal net purchase price, cash downpayment and the amount of debt you'll need to have a toally tax deferred transaction.

1031 RESOURCE CENTER

1031 Exchange Processing

1031 Exchange Rules

Setup Before Closing

180 Days to Exchange

45 Days to Identify

Buy Up in Value

Replacement Property Types

1031 Exchange Resources

1031 Exchange Guide

Keys to Exchanging

1031 Exchange FAQ

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1031 Exchange Math

HOW MUCH PROPERTY SHOULD YOU BUY?

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Prostinak Gonzalez Advisory Group