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Tag Archives: 1031 construction

What happens if I 1031 Exchange into a property to be built and the work isn’t finished at closing?

Saturday, January 22, 2011

In a 1031 Exchange, if identified Replacement Property is real property to be constructed and the construction is not completed on or before the date you receive the property, the property received will be considered to be substantially the same property as identified only if it is real property, and it would have been considered [...]

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Can I 1031 Exchange a mulit-family property for one that hasn’t been built yet?

Wednesday, January 19, 2011

Potential Replacement properties that are under construction do qualify for 1031 Exchange. The new construction must be identified within the 45-day period, and received within the 180-day exchange period. This property must be carefully identified. This identification should include the legal description of the underlying ground and as much other description as possible for the [...]

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