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Estimate deferred capital gains tax from a 1031 like-kind exchange.
Section 1031 of the IRS tax code allows real estate investors to defer capital gains taxes by reinvesting proceeds into a like-kind property.
You have 45 days to identify replacement properties and 180 days to close on them after selling your relinquished property.
Boot is any cash or non-like-kind property received in the exchange. Boot is taxable and creates a recognized (not deferred) gain.