Confidential Checklist
Please review the items requested on the
Confidential Checklist,
as these things drive the content and distribution of the Exchange agreement. You must have an executed Exchange agreement in force before the first closing.
This form can be completed online.
45/180
Day Calculator
A successful Section 1031 Exchange requires a
strict timing requirements. Use this tool to calculate your critical dates.
Qualification
Tool
Use this handy tool to quickly determine if your situation qualifies for a
Section 1031 Exchange.
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Form #4 &
Form #5
After you have closed on your relinquished property, you have 45 days to identify new, replacement property, using either
Form #4 for 1-3 potential replacements, or
Form #5 for more than 3 potential replacements. If you utilize
Form #5, the aggregate value of your selections will be capped at twice (200% of) the price of your relinquished property.
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Single Item Release of Escrow Funds-
For Deposits & Purchasing Replacement Property
Please complete this form when you are requesting a
release of your escrow funds for any reason. |
5 Item Release of Escrow Funds
Please complete this form when you are requesting a
release of your escrow funds for improvement Exchanges or multiple
property purchases. |
10 Item Release of Escrow Funds
Please complete this form when you are requesting a
release of your escrow funds for improvement Exchanges or multiple
property purchases. |
Sales and Other Disposition of Assets
Here is the link to IRS Publication 544,
"Sales and Other Disposition of Assets", which gives an overview of the rules governing exchanges. |
IRS Form 8824
Here is the form-IRS Form 8824-which you are required to file with your taxes for the year in which the exchange begins. |
Selling Your House
Here is the link to IRS Publication 523,
"Selling Your House", which gives you insight to the rules governing the sale of your principle residence. Many exchanges are allocated partly to a house and partly to a business, so these rules can be important. |
