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Under the Internal Revenue Code, taxpayers have three primary options for conducting a 1031 exchange. Delayed exchanges, reverse exchanges, and improvement exchanges all offer different benefits in different circumstances....

1031 exchanges are subject to multiple eligibility and timing requirements. These include the “like-kind property” requirement and the 45-day and 180-day deadlines for identifying and acquiring replacement properties,...

Conducting an improvement exchange under Section 1031 provides the opportunity to use funds from the sale of a taxpayer’s relinquished property to pay for improvements to the taxpayer’s replacement property. When...

When you conduct a 1031 exchange, you are required to report the exchange to the Internal Revenue Service (IRS). This is the final step for claiming the indefinite tax deferral authorized under Section 1031 of the Internal...

Conducting a like-kind exchange under Section 1031 of the Internal Revenue Code is a complex process that is subject to several strict requirements. Meeting these requirements is essential—as failing to do so can result in...

While taxpayers who conduct 1031 exchanges can achieve significant tax savings, they must be able to prove that their exchanges qualify for indefinite tax deferral under the Internal Revenue Code. Improperly claiming...

Taxpayers seeking to conduct 1031 exchanges must make several important decisions early in the process. One of these decisions is whether to engage a 1031 qualified intermediary. There are several reasons why it might be...

Several strict requirements apply to like-kind exchanges under Section 1031. These include the requirement to “identify” a replacement property promptly. What does it mean to identify a replacement property—and how do...

Section 1031 of the Internal Revenue Code allows taxpayers to indefinitely defer tax liability on gains from the disposition of appreciated property in a like-kind exchange. This raises a key question: What qualifies as...

While we saw some major changes to the Internal Revenue Code (IRC) in 2025, one key IRC provision that did not change last year was Section 1031. As a result, conducting like-kind exchanges under Section 1031 remains a viable...