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Basic 1031 exchanges

A traditional or basic 1031 exchange occurs when a person who wishes to utilize the allowed capital gains deferral provided by IRC S. 1031, sells a property and within 45 days identifies a Like Kind property into which he will exchange, with the closing happening within 180 of the sale of the original property.

 

There are many variations of this basic structure, such as build to suit exchanges or tenants in common exchanges.