
Breaking Down the 1031 Exchange Timeline: A Step-by-Step Guide
The 1031 exchange, named after Section 1031 of the U.S. Internal Revenue Code, permits investors to defer capital gains taxes on real estate by reinvesting the proceeds from the sale into a like-kind property. Understanding the 1031 timeline and critical dates of a 1031 exchange is essential for a successful transaction. Here’s a breakdown of the key…