1031 Exchange Explained:
Close on my 1031 exchange


How closing usually works:

  1. Sign contract to sell your current investment property.

  2. Contact 1031x.com (before closing) to set up exchange.

  3. Sell old property (relinquished property ); proceeds wired to your new 1031x.com escrow account.

  4. Identify up to three possible replacement properties.Share a signed list with 1031x.com (as required for a 1031 rules).
          Complete this within 45 days of sale.

  5. Purchase replacement property(ies) identified. We wired proceeds from your 1031 exchange account.
          Complete this within 180 days of sale

  6. File Form 8824 with your tax return. Your capital gain taxes are deferred!


This is what we term a “simple exchange." Of course, each exchange has it’s own unique requirements. Make sure to speak with a 1031x.com exchange coordinator about your particular exchange. 

 


 

Quick! I am ready to close!

Call 1-888-899-1031 toll free!

Don’t lose out on the opportunity to save thousands of dollars by doing a 1031 exchange. Our team can handle 1031 exchanges even from the closing table. You should either call now or use the form below to get your 1031 exchange setup and preserve your opportunity for savings.

We understand the importance of privacy and we DO NOT share your information.





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