1031 Exchanges Explained

CRE Fast Five: Hot Topics in Commercial Real Estate
1031 Exchanges Explained
The 1031 Exchange is a powerful tool that allows investors to defer capital gains tax at the time of sale. Whether you are contemplating your first 1031 exchange or could simply benefit from a quick refresher on the timelines, this episode is for you. Join us for today's CRE Fast Five on the basic rules and requirements of 1031 exchanges.
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For a more in-depth breakdown on the three identification rules click here: • 1031 Exchange Identifi...
Karly Iacono | Senior Vice President
CBRE Investment Properties
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Warning-IRS Circular 230 Disclosure: CBRE and its affiliates do not provide tax advice and nothing contained herein should be construed to be tax advice. Please be advised that any discussion of U.S. tax matters contained herein is not intended or written to be used, and cannot be used, by the recipient of any Information for the purpose of avoiding U.S. tax-related penalties; and was written to support the promotion or marketing of the transaction or other matters addressed herein. Accordingly, any recipient of this video should seek advice based on your particular circumstances from an independent tax advisor. You also agree that the information herein down not constitute legal, defeasance or other professional advice and you should obtain legal advice from a qualified attorney licensed in your state. The opinions contained in this video are those of Karly Iacono and may not represent those of CBRE. All content is for educational purposes only. The following content may contain the trade names or trademarks of various third parties, and if so, any such use is solely for illustrative purposes only. All product and company names are trademarks™ or registered® trademarks of their respective holders. Use of them does not imply any affiliation with, endorsement by, or association of any kind between them and CBRE or Karly Iacono.

[@papajoe5331]

Can you sell a 1031 rental to payoff another 1031 rental? payoff balance and remaining cash out would be considered a boot? or I guess sell & buy another property with the same balance to have no payments

[@sandiegobookscout9394]

Thank you for that.
I am wanting to sell an investment condo-minium in NC to then purchase another condo here in California to live in. It seems like just the appreciation would be considered investment earnings and I will not have to lease it out to be within the guidelines of a 1031. The unit in North Carolina is free and clear and I will be paying off the California unit within two years. It only needs minor upgrades (painting and cabinet refinishing). After that, it's all gravy.

[@Karlyiacono]

Best of luck!

[@ralphsondoni707]

I thought you had to replace the debit with at least the same of the property sold. You said you can come up with cash instead?