BASICS
How Does A 1031 Exchange Work?
Walk through the steps of a typical 1031 exchange from sale to replacement-property closing.
The typical flow
- Engage a Qualified Intermediary before the relinquished sale closes.
- Close the sale; QI holds proceeds.
- Identify replacement property/properties in writing within 45 days.
- Close on replacement property within 180 days of the relinquished sale.
- File IRS Form 8824 with the year's tax return.
Educational only.
Educational information only. The content on this page is general education and is not tax, legal, accounting, or investment advice. Consult your own CPA, attorney, and licensed investment professionals before making any decision related to a 1031 exchange or Delaware Statutory Trust.
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