- acquire “like kind” Replacement Property that will be held for investment or used productively in a trade or business,
- purchase replacement property of equal or greater value,
- reinvest all of the equity into the Replacement Property, and
- obtain the same or greater debt on the Replacement Property.
There are two key deadlines that the Exchanger must meet to have a valid exchange:
A successful IRC §1031 exchange transaction requires planning, expertise and support. Crescent Title assists our clients by explaining the various types of exchanges, discussing the options that may minimize or eliminate any negative tax impact, and coordinating the exchange process. Laying the proper groundwork before entering into an exchange will avoid unnecessary obstacles and lead to a smooth transaction.