1031 exchanges
Sell one rental, buy the next, and keep the timing straight
For landlords and investors trading one investment property for another.
A 1031 exchange lets you put off the tax on a sale if you buy a like-kind property within strict deadlines. The rules are short. The paperwork around them isn't: an exchange agreement, an assignment of both contracts, a written identification and two closings that have to line up.
We handle the legal side and work alongside your CPA and qualified intermediary, who hold the tax advice and the money.
In the exchange fee
Review of the intermediary's exchange agreement
Contract assignments on the sale and the purchase
The written identification, sent on time
Both closings reviewed
The exchange calendar
Two deadlines that never move
- 01
Before you list
Pick the intermediary and put the exchange clause in the listing contract, so the sale can be assigned.
- 02
Day 45
The replacement property, and any backups, named in writing to the intermediary. We aim to send it weeks early.
- 03
Day 180
The purchase closes. If the tax return is due first, your CPA may file an extension so the full period stays open.
Exchange questions
Can I exchange my own home?
No. An exchange is for property held for investment or business use. A rental you once lived in can be more complicated; ask your CPA and us together.
Do you give tax advice?
We explain the legal documents and the deadlines. Whether an exchange makes sense for your taxes is your CPA's call, and we work alongside them.
What if the 45 days run out?
The sale is then taxed like any other sale. That's why we name the property early and in writing.
Planning to sell a rental this year?
Tell us about the property you're selling and what you hope to buy. We'll send the fee and a calendar.