1031 Exchange Basics

The mechanics behind a Milwaukee 1031 exchange, from like-kind property to the identification deadlines and reverse exchange structure.

Learn the mechanics

How an improvement exchange lets an investor use exchange funds to build or upgrade a replacement property inside the 180-day deadline.

What qualifies as like-kind real property under current 1031 rules, and which property types no longer qualify after the 2017 tax law changes.

Section 1031(f) and the two-year hold requirement for exchanges between related parties, plus the common traps that unwind deferral after the fact.

How a reverse 1031 exchange works when the replacement property closes before the sale, and the role an exchange accommodation titleholder plays.

How the 180-day closing deadline works, why it can be shortened by a tax return due date, and what Milwaukee investors need to watch for.

How the 45-day identification clock works under Section 1031, plus the three-property, 200 percent, and 95 percent rules that govern what can be.

Why a qualified intermediary is required, what constructive receipt means, and the safe-harbor structure that keeps exchange funds from becoming.

Cash boot and mortgage boot explained, including why partial deferral can still trigger taxable gain even in a properly structured exchange.

Ready to organize the exchange?

Bring the property, dates, and open questions. We will help turn them into a clear exchange plan.