Georgia 1031 Exchange – What Are the Requirements for a 1031 Exchange in GA?

Hi, my name is Whitney Brennan with IPX1031 Exchange and today we’re gonna talk about 1031 exchanges in the state of Georgia.

If you’re a non resident selling investment property in Georgia, there’s a withholding you need to be aware of and you need to plan for it at closing. Your settlement agent is going to withhold funds unless you fill out a form stating you get an exemption.

And guess what? A 1031 is a valid exemption.

So you’re going to need to work in advance with your settlement agent if you’re a non resident selling investment property in Georgia to make sure the seller’s certificate exemption ITAFF3 is filled out and submitted at closing so they will not withhold funds from you at closing. Please feel free to give me a call and we can review it together to ensure you have a successful 1031 exchange. Thank you.

Let's Talk About Your Specific 1031 Needs

Customized solutions for your 1031 investment and business goals.

Pin It on Pinterest