https://pipefile.com/assets/1031-exchange-checklist-Bbxm_qTY.js

1const e="1031-exchange-checklist",t="1031 Exchange Checklist: Like-Kind Exchange Requirements",i="1031 Exchange Checklist (Free PDF)",n="What are the requirements for a 1031 like-kind exchange?",a="Real Estate",r="Navigate a 1031 like-kind exchange with our 1031 exchange checklist. For real estate investors, agents, and advisors. Section 1031 allows deferral of capital gains when you sell investment or business real property and acquire like-kind replacement property. This checklist covers the critical deadlines (45-day identification and 180-day closing), use of a qualified intermediary (QI), no constructive receipt of proceeds, like-kind and same-taxpayer rules, and value-and-equity requirements. Use it to stay on timeline and avoid disqualifying the exchange. Consult a tax advisor and QI for your situation.",s="1031 exchange checklist: 45-day and 180-day rules, qualified intermediary, like-kind requirements. Free PDF for real estate investors and advisors.",o="1031 Exchange Checklist: Like-Kind Exchange Requirements",d="Real Estate Investor and Advisor Resource",c="https://pub-a9710a6c2b2a4ba5997a07c8ec781680.r2.dev/1031-exchange-checklist.pdf",l="https://pub-a9710a6c2b2a4ba5997a07c8ec781680.r2.dev/1031-exchange-checklist.jpg",u="Download PDF Checklist",h=["Track the 45-day identification and 180-day closing deadlines","Ensure a qualified intermediary is in place before closing","Avoid constructive receipt of sale proceeds","Meet like-kind and same-taxpayer requirements","Plan for value and equity to defer gain","Professional exchange workflow"],p=["Investors selling rental or investment property and buying replacement property","Commercial and residential investment property exchanges","Coordinating with qualified intermediaries and closing agents","Identifying replacement properties within the 45-day window","Meeting the 180-day closing deadline","Documenting the exchange for tax and audit purposes"],y=[{question:"What is a 1031 exchange?",answer:"A 1031 exchange (named after IRC Section 1031) is a tax-deferred like-kind exchange. When you sell investment or business real property and acquire replacement property that is like-kind, you can defer recognizing the gain on the sale. The replacement property must be identified within 45 days of the sale and acquired within 180 days (or by your tax return due date, if earlier). Proceeds must be held by a qualified intermediary; you cannot take constructive receipt of the funds."},{question:"What are the 45-day and 180-day rules?",answer:"Within 45 days of closing on the sale of your relinquished property, you must identify replacement property(ies) in a signed, written document delivered to the qualified intermediary (or other party as allowed). You must close on the replacement property by the earlier of 180 days after the sale or the due date (including extensions) of your tax return for the year of the sale. Missing either deadline can disqualify the exchange."},{question:"What qualifies as like-kind for real estate?",answer:"For real property in the U.S., like-kind is broad: investment or business real estate can generally be exchanged for other investment or business real estate (e.g. rental for rental, land for building). Personal use property (e.g. your primary residence) does not qualify. Post-2017, like-kind treatment for personal property (equipment, etc.) is largely limited. Consult a tax advisor for your specific assets."},{question:"Why do I need a qualified intermediary?",answer:"The IRS requires that you not have actual or constructive receipt of the sale proceeds. If you receive the money, the exchange can fail. A qualified intermediary (QI) holds the proceeds from the sale and uses them to acquire the replacement property on your behalf. You must engage the QI before closing on the relinquished property and use an exchange agreement so the sale and purchase are part of one exchange."}],m="1031 Exchange Checklist",g="2025-03-06",f="Intermediate",q="Ongoing (45–180 days); plan with advisor early",x=["1031-exchange","like-kind","real-estate","investment","tax-deferred","qualified-intermediary"],k=[{id:"engage-qi-before-sale",text:"Engage a qualified intermediary (QI) before closing on the relinquished property",category:"Setup",required:!0,notes:"The QI must be in place before you close on the sale. The sale documents (e.g. deed, settlement statement) should direct proceeds to the QI per the exchange agreement. Do not close without an exchange agreement and QI instructions in place."}

1,{id:"exchange-agreement",text:"Execute exchange agreement with QI (assign rights, direct proceeds)",category:"Setup",required:!0,notes:"The agreement typically assigns your rights under the sale contract to the QI and directs the buyer to pay the QI. The QI then uses the funds to acquire the replacement property. Your advisor or QI will provide the form; sign before relinquished property closing."},{id:"relinquished-closing",text:"Close on relinquished property; proceeds go to QI (no constructive receipt)",category:"Deadlines",required:!0,notes:"At closing, sale proceeds go to the QI, not to you. Do not receive funds, have use of funds, or have the right to borrow against them. Document the closing date—this starts the 45- and 180-day clocks."},{id:"45-day-identification",text:"Identify replacement property(ies) in writing by 45th day after relinquished closing",category:"Deadlines",required:!0,notes:"Identification must be in a signed, written document (e.g. letter to QI) and delivered by midnight on the 45th day. You can identify up to 3 properties regardless of value, or more under the 200% or 95% rules. Get the identification to the QI in time and keep a copy."},{id:"180-day-closing",text:"Close on replacement property by 180th day (or tax return due date if earlier)",category:"Deadlines",required:!0,notes:"Replacement property must be received by the earlier of 180 days after the relinquished sale or the due date (with extensions) of your tax return for the year of the sale. Coordinate with title and QI so funds are disbursed correctly at replacement closing."},{id:"like-kind-property",text:"Replacement property must be like-kind (U.S. investment/business real estate for U.S. investment/business real estate)",category:"Requirements",required:!0,notes:"Both relinquished and replacement must be held for investment or used in a trade or business. Personal use property does not qualify. Confirm with your tax advisor that your properties meet like-kind and holding requirements."},{id:"same-taxpayer",text:"Replacement property must be held in the same taxpayer (or qualifying entity) as relinquished",category:"Requirements",required:!0,notes:"The person or entity that sold the relinquished property must be the one that acquires the replacement. Title must match; entity name changes or different LLCs can cause issues. Plan entity and title with your advisor."},{id:"value-and-equity",text:"Replacement value and equity: meet or exceed relinquished to defer all gain",category:"Requirements",required:!0,notes:"To defer all gain: replacement property fair market value must equal or exceed relinquished, and you must invest all net equity (reinvest all cash from the sale and match or increase debt). Otherwise you may have boot (taxable amount). Work with your advisor on numbers."},{id:"replacement-closing-with-qi",text:"Replacement closing: QI delivers funds to title; you receive deed to replacement",category:"Closing",required:!0,notes:"At replacement closing, the QI sends the exchange proceeds to the title company or seller. You receive title to the replacement property. Ensure the closing statement and deed reflect the exchange; the QI will provide instructions."},{id:"document-retention",text:"Retain exchange documents (agreement, identification, closing statements, QI statements)",category:"Compliance",required:!0,notes:"Keep the exchange agreement, 45-day identification letter, settlement statements for both properties, and any QI accounting. You will need these for your tax return (Form 8824) and in case of audit."}],b=[{slug:"real-estate-closing-documents",title:"Real Estate Closing Documents Checklist",description:"Closing checklist for any real estate transaction. For a 1031, ensure sale and purchase closings are coordinated with the QI."},{slug:"property-due-diligence-checklist",title:"Property Due Diligence Checklist",description:"Due diligence on replacement property. Complete within your 180-day window so you can close in time."},{slug:"commercial-real-estate-due-diligence-checklist",title:"Commercial Real Estate Due Diligence Checklist",description:"Commercial due diligence for replacement property in a 1031 exchange."},{slug:"home-buyer-checklist",title:"Home Buyer Checklist",description:"Buyer-side checklist. For 1031 replacement purchases, add QI and exchange timing to your process."}],v={slug:e,title:t,seo_title:i,query:n,category:a,description:r,meta_description:s,h1_heading:o,audience_subheading:d,form_url:c,form_thumbnail:l,form_button_text:u,key_benefits:h,common_use_cases:p,faq_content:y,cta_text:m,last_updated:g,difficulty:f,estimated_time:q,tags:x,checklist:k,related_templates:b};

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