1031 exchange with brother

Hi, my brother and i own two properties, 50% each.  the value of  the properties is the same.  we want to 1031 the properties, so he ends up  with one and i end up with the other, no money exchanges.  Are there any  forms to fill out other than the irs forms, or procedures we must follow? thanks, R.

Dear R:   You should be able to just trade deeds with your brother.  Then each of you must own the property for two years before either of you sell.  Also you will both have to report the 1031x on your tax returns using form 8824.  What you will not need to do is use our services except for this advice.  Sincerely,

Steve Hickox
Attorney / President