1031 Exchange Process

How a 1031 exchange actually runs, step by step.

The qualified intermediary handoff, the 45-day and 180-day deadlines, like-kind rules, boot, and the exchange structures Aspen-area investors ask about most.

01

The Qualified Intermediary Role

Why a 1031 exchange requires a qualified intermediary, what constructive receipt means, and how the safe harbor protects the deferral.

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02

The 45-Day Identification Period

How the 45-day identification window works in a 1031 exchange, including the three-property, 200%, and 95% rules, explained for Aspen-area investors.

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03

The 180-Day Exchange Deadline

How the 180-day exchange period works, how it overlaps with the 45-day identification window, and how a tax return due date can shorten it.

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04

Like-Kind Property Explained

What qualifies as like-kind real property in a 1031 exchange, what does not qualify, and how the rule applies to Aspen-area investment property.

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05

What Is Boot in a 1031 Exchange

How cash boot and mortgage boot arise in a 1031 exchange, why partial deferral still triggers tax, and how to avoid boot on an Aspen-area trade.

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06

Related-Party 1031 Exchange Rules

How Section 1031(f) restricts exchanges between related parties, the two-year holding requirement, and common traps in family or entity transactions.

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07

Reverse 1031 Exchange Explained

How a reverse 1031 exchange lets an Aspen-area investor buy replacement property before selling, using parking and an exchange accommodation titleholder.

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08

Improvement and Build-to-Suit Exchange

How an improvement exchange lets 1031 funds pay for construction or renovation on replacement property, and why the 180-day deadline still controls.

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