For investors
1031 exchanges: selling and reinvesting in investment property.
A 1031 exchange can let investors defer capital gains tax when they sell investment property and buy like-kind property. Julayne helps investors line up the sale and the replacement purchase so the real estate side fits the exchange timeline, working alongside your qualified intermediary and tax advisor.
Talk with JulayneMay be a good fit if…
- You own a rental or other investment property you plan to sell.
- You want to reinvest in different or more property without selling and starting over.
- You want help finding replacement property within the deadlines.
What to know
Strict deadlines
Replacement property generally must be identified within 45 days of the sale and purchased within 180 days.
Qualified intermediary
Sale proceeds are typically held by a qualified intermediary, not the seller, to keep the exchange valid.
Plan before you list
Start talking with a tax professional and intermediary before the sale closes. Rules and outcomes depend on your situation.
Questions worth asking
- Which replacement properties fit my goals and the 45-day window?
- Should I look for replacement property before my sale closes?
- What do my tax advisor and intermediary need from me, and when?
Frequently asked questions
What is a 1031 exchange?
A federal tax provision that can let investors defer capital gains tax when they sell investment property and buy like-kind property within set deadlines.
Can I use a 1031 exchange on my primary home?
No. 1031 exchanges apply to property held for investment or business use. A primary home may qualify for a different capital gains exclusion.
Is Julayne a tax advisor?
No. Julayne handles the real estate side. Always confirm tax questions with a CPA or tax attorney and use a qualified intermediary.
Related reading
Want advice for your situation?
Julayne Kieu Luu, California real estate salesperson, DRE #01386573, licensed under Century Financial Group, Corp. (DRE #01930905). Educational information only; not legal, tax, or financial advice. Timelines and results vary with the property and market. Contact: (714) 617-7253.