Things to Know for Exchangers

Any Tax Deferred 1031 Exchange completed pursuant to Section 1031 needs to involve what is known as Like Kind properties.

Replacement Property identification is important in 1031 Tax Deferred exchanges. If an exchange fails, it’s often because of deficiencies or discrepancies in the identification of Replacement Properties. Take a few minutes to make sure you and your client understand how to properly ID your Real Estate Exchange Properties.

To ensure a successful exchange, the exchanger should be aware of these two common 1031 Exchange pitfalls.

Although we are very experienced in facilitating 1031 Exchanges, IPX1031 cannot provide you with tax, legal or financial advice.