Process of a Typical
THERE ARE 3 BASIC STEPS IN A TYPICAL 1031 EXCHANGE
45 DAY IDENTIFICATION PERIOD
The taxpayer must identify potential replacement property or properties within 45 days from the date of sale.
180 DAY EXCHANGE PERIOD
The taxpayer must acquire the replacement property or properties within 180 days.
*Closing on the replacement property must be the earlier of either 180 calendar days, after closing on the sale of the relinquished property of the due date, for filing the tax return for the year in which the relinquished property was sold; unless an automatic filing-extension has been obtained
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Swap one asset for another
Limit the amount of tax due
Capital gains avoided until final asset sold
Special eligibility rules
Management required to avoid depreciation recapture
Not all situations are the same
The Fortitude Difference
With over 100+ years of combined experience facilitating 1031 Exchanges, including the largest 1031 Exchange utilizing DST’s in our industry, we are your trusted partners in helping you seek success. We believe that education and service matter, and we are committed to providing our clients with the resources required to facilitate the entire exchange process.
Experience in Section 1031 Exchange securitized real estate
Careful due diligence
Full disclosure of all details and parties
The security of bonded, reputable, qualified intermediaries