Information on the five types of 1031 Tax deferred exchanges in the South Bay. Find out about simultaneous 1031 exchanges, delayed exchanges, reverse exchanges, build to suite, and personal property exchanges. Find current South Bay homes for sale, real estate agents, and current home values in Southern California's South Bay. Find real estate listings with our free home search and South Bay MLS access, open houses, Realtors®, and our listings. Our free real estate services feature all South Bay cities and neighborhoods including Manhattan Beach, Hermosa Beach, Redondo Beach, Torrance, El Segundo, Hollywood Riviera, Hawthorne, Hollyglen, and Palos Verdes.
 
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The Five Types of
1031 Tax Deferred Exchanges


1-
Simultaneous - When both relinquished and replacement properties close escrow the same day.*
2- Delayed -
After the relinquished has closed escrow, the replacement property must be identified within the first 45 days, and purchased within 180 days.
3- Reverse -
Allows the purchase of the replacement property before the selling of the relinquished property. The relinquished property must be identified within 45 days after escrow has closed on the purchase property, and must close escrow no later than 180 days.*
4- Build to Suit -
Allows the taxpayer to construct improvements on the replacement property during the course ofthe exchange.*
5- Personal Property -
An Exchange involving personal property,(e.g. airplane for an airplane, boat for a boat or a restaurant business for a restaurant business), to be used for investment or the productive use in a trade or business.*
* Each type of Exchange involves special rules and requirements promulgated from the IRS. An experienced Intermediary should be employed to facilitate such transactions to assure proper handling and tax deferralby the IRS. Remember, all 1031 Tax-Deferred Exchanges must be set up prior to the close of escrow. Please consult with your professional administrator at a Exchange Accomodater to discuss the details of your Exchange.

 

 

 
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