1031 Exchange Basics

1031 Exchange Basics

Learn the fundamentals of a 1031 tax-deferred exchange and how real estate investors can sell qualifying investment property and reinvest the proceeds into another property while deferring capital gains taxes. This introductory course explains eligible properties, the role of a qualified intermediary, the 45-day identification period, the 180-day purchase deadline, and the rules for identifying replacement properties. We will also discuss what happens when the replacement property is eventually sold and when deferred taxes may become due. This course is for educational purposes only, and participants should consult qualified tax, financial, and legal professionals before completing an exchange.