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THE 45 DAY RULE requires the Exchanger to identify a potential replacement property or properties within 45 days after the closing of the sale of the relinquished properties. You may identify properties under the a) 3 Property Rule (most common method) where you identify up to three properties regardless of fair market value, or b) the 200% Rule where you may identify more than three properties provided the fair market value of the identified properties does not exceed 200% of the fair market value of the property relinquished.
THE 180 DAY RULE requires the Exchanger to purchase the replacement property or properties within the earlier of a) 180 days after the transfer of the relinquished property or b) the due date of the Exchanger’s tax return (including extensions) for the year in which the relinquished property is transferred.
The 45 and 180 Day Rules can sometimes be difficult to satisfy because of the time required to locate replacement property, negotiate a purchase, perform due diligence, arrange for financing, etc. Moreover, it is not easy to find replacement properties with the right cost or ratio of equity and debt requirements which you desire. At 1031TaxSavings.com we can help you overcome these potential impediments to a successful tax free exchange because we provide the following VALUABLE SERVICES:
1. Consult with you regarding your investment preferences including property type, property location, holding period, amount of debt vs. equity, etc.
2. Consult with your advisors and your Qualified Intermediary regarding compliance with Section 1031 together with pertinent rules and regulations, time constraints, etc.
3. In light of your investment objectives and specific exchange needs, we provide you with access to a very select group of Tenant In Common properties from which to choose (see TIC Investments and Properties pages). Such properties are offered to you only after we’ve cleared them through our own due diligence process which includes evaluation of the economic merits of the property, the track record of the sponsor and management company, and other pertinent information.
4. As a licensed securities representative, we work on your behalf; but any fees are paid to us by the property sponsor.
5. We can assist you with the acquisition of property you wish to hold as a sole owner. Typically such property is leased to a major credit tenant on a triple net lease basis.
1031 EXCHANGE EXPLAINED
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PROPERTY THAT QUALIFIES
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REPLACEMENT PROPERTY CRITERIA
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TAX SAVINGS AND ECONOMIC BENEFITS
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ADVANTAGES OF EXCHANGE
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