Tools
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Qualification
Tool
Use this handy tool to quickly determine if your situation qualifies for a
Section 1031 Exchange.
45/180
Day Calculator
A successful Section 1031 Exchange requires a
strict timing requirements. Use this tool to calculate your critical dates.
Capital Gains
Calculator (XLS)
Use this handy tool to quickly determine your capital
gains exposure.
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Starting Your Exchange
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To begin your
exchange we will need to collect some very important information about
you, your professionals and your transaction. Our new Confidential
Exchange System will allow you to submit the required information
online,
please click here to continue.
If you would like to submit this information
manually, download our
Confidential Checklist.
Please print this checklist and either email the completed document to
exchange@section1031.com
or fax to 603-444-6611.
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ID Forms - Real Estate
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3 Property Rule (Form#4)
&
200% Rule (Form #5)
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Identification Forms - Real Estate
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.
Click
here to
download both Form #4 & Form #5 combined.
There is a third Identification Rule (the 95% rule) which allows you
to identify ANY number of properties at ANY value. However, you MUST
CLOSE on 95% of the properties identified. Please discuss this with our
staff if you are contemplating using this rule.
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ID Forms - Personal
Property
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Form #4-P &
Form #5-P
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Identification Forms - Personal Property
After you have closed on your relinquished personal
property, you have 45 days to identify new, replacement property, using either
Form #4-P for 1-3 potential replacements, or
Form #5-P 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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Forms - Release of
Escrow Authorization
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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.
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Other Forms
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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. |