Reverse 1031 Exchanges - What You Need to Know
A reverse 1031 exchange is a type of real estate transaction that allows an investor to acquire a replacement property before selling the currently held investment property, deferring capital gains taxes under IRS Section 1031. This method is useful when an investor wants to secure a replacement property first, often due to market conditions or availability concerns. The investor has 45 days from the acquisition of the replacement property to identify the property to be relinquished. The entire transaction must be completed within 180 days from the acquisition of the replacement property. Similar to a standard 1031 exchange, the reverse exchange allows for the deferral of capital gains taxes, which can be substantial. Watch as Bill Mason explains, in detail, how a Reverse 1031 Exchange works.
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Chapters:
0:00 What is a Reverse 1031 Exchange
0:49 How Does a Reverse 1031 Exchange Work?
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