When it comes to 1031 exchanges, the more tools you have at your disposal, the better off you’ll be. In this article, we offer two free calculators to help you through your 1031 exchange.
Capital Gains Tax Calculator
Use the below capital gains calculator to get a rough estimate of the capital gains tax you will owe on the sale of your property. Note that this is only meant as a general guide and may not represent your actual capital gains tax.
1031 Exchange Deadlines Calculator
There are critical timeframes you must follow when you are doing a delayed 1031 exchange. The key numbers are 180 days (the total amount of time you have to complete your exchange) and 45 days (the amount of time you have to make either receive your replacement property or submit your written identification). This calculator will help you determine your timeline.
Note: due to the COVID-19 pandemic, the IRS has released Notice 2020-03 that may extend 1031 exchange deadlines. As a result, this calculator may not be entirely accurate. Please contact us with any questions you have about your 1031 exchange deadlines.
Minnesota Qualified Intermediaries
At CPEC1031, our Minnesota qualified intermediaries have over two decades of experience helping taxpayers with their 1031 exchanges of real estate. We have the knowledge and the skills to ensure that your exchange is successful. Contact us today to learn more about our process and how we can help you save money in capital gains taxes on the sale of real property. Our primary office is located in downtown Minneapolis. We also have numerous satellite offices around the country!
Start Your 1031 Exchange: If you have questions about 1031 exchanges, feel free to call me at 612-643-1031.
Defer the tax. Maximize your gain.
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