1031 Exchanges

1031 Forward, Reverse, Construction Exchanges.

We represent Exchangers participating in a 1031 tax deferred exchange of their relinquished property(ies) for a replacement property(ies) involving like kind real estate held for investment or for productive use in a trade or business. Our services include delayed 1031 exchanges including forward, reverse first and reverse last exchanges, exchanges with construction of build-to-suite improvements on replacement properties during the parking period, exchanges of a single or multiple relinquished properties for a single or multiple replacement properties and exchanges with installment payments. 

1031 Three Party (Triangle) Exchanges.

We represent parties to a three party exchange where the buyer acquires a replacement property selected by the Exchanger and then exchanges that property for the relinquished property.

1031 Simultaneous Exchanges Between Co-Tenants of Investment Properties.

We represent co-tenants participating in a simultaneous exchange of fractional interests who jointly acquired investment properties and now wish to end the co-tenancy and exchange fractional interests in some properties for fractional interests in other properties resulting in each former co-tenant owning 100% interest in specific properties.

IRC Section 121 Personal Residence Gain Exclusion Combined With 1031 Tax Deferred Exchange for "Mixed Use" Property.

For the sale of property: (1) formerly used as a residence but used as a rental at the time of the transaction; (2) on which two separate buildings are located, one a personal residence and the other used as an office or rented; and (3) a personal residence with an allocated portion used as a home office or rented, a portion of the gain relative to personal use may qualify for the personal residence gain exclusion under IRC Section 121 and a portion of the gain relative to the portion held for the productive use in a trade or business or for investment purposes may be deferred as an exchange under IRC Section 1031 if required qualifications are met. These rules are complicated and contain certain base requirements. We work with our clients and their accountants to apply these rules post sales and for planing future sales.