Video – Can I Change My Property Identification After the 45 Day 1031 Exchange Identification Period?

What if you’re using the 3-Property rule in your 1031 exchange and you find a better property after the 45 day identification period has come and gone? Unfortunately, your options are quite limited in this scenario.

The IRS is not going to make you identify properties, limit how many you can identify, and then let you break all those rules and allow you to identify something else.

Perhaps the only situation in which the IRS might allow you to identify a different property after your identification period is if there is a federally declared disaster that directly and adversely impacts your property. In that situation, your identification timeline would be extended and you would be able to change your identification. However, this is extremely rare so you need to be careful about meeting your 1031 exchange deadlines.

Keep Your Money Working For You With a 1031 Exchange

Rather than sell your investment property and realize capital gains taxes, keep your money working for you in a continued 1031 exchange investment property and defer those taxes. Section 1031 is a powerful provision that tax-savvy investors have been using for decades. And you can harness that power too! At CPEC1031, LLC we have more than two decades of experience facilitating like-kind exchanges of all types. We can help you through the entire 1031 exchange process and make sure all the details are covered.

• 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.

© 2025 Copyright Jeffrey R. Peterson All Rights Reserved

Video – How a 1031 Exchange Can Help You Transition Into Retirement

I once talked to a gentleman who was selling real estate intensive business at the end of a decades-long career. He explained to me that if he didn’t do a 1031 exchange he would have nothing to show for his entire 30-year career because between the taxes and the mortgages he still need to pay off, he wasn’t going to have anything left. He needed to keep the taxman at bay and redeploy those dollars without the drag of taxation in order to set up a reliable stream of retirement income. That’s the power of a 1031 exchange. The general idea behind section 1031 of the Internal Revenue Code is you want to keep your money, as well as the money that otherwise would have gone to the state and federal government, working for you in a compounding continued investment.

Consult with a Qualified Intermediary About Your 1031 Exchange

Prior to starting your 1031 exchange, it’s a good idea to consult with a qualified intermediary who can explain the details of the like-kind exchange process and help you plot a course from start to finish. At CPEC1031, LLC our team consists of qualified intermediaries with decades of experience facilitating 1031 transactions across the United States. It doesn’t matter where your property is located – we can help you through the intricate details and make sure you are ready when it comes time to close on your property. Give us a call today to set up a time to chat about your next 1031 exchange.

• 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.

© 2025 Copyright Jeffrey R. Peterson All Rights Reserved

Video – 1031 Exchange Boot & Buying Down in Value

A Lesson About Basis & Why You Need to Involve Your Tax Advisor in Your 1031 Exchange

Ouch! You thought you were going to defer your gains in a partial 1031 exchange. Knowing that you were buying down in value, you hoped that you would get some benefit from the 1031 exchange. But you’re disappointed now because you bought a replacement property that was too far down in value. The reason that you’re not getting any tax deferral is that you have a transferred basis in a 1031 exchange. Your old basis transfers to the new property and you only start enjoying tax deferral for every dollar of value you buy over and above your transferred basis.

The starting point for this analysis is to talk to your accountant or tax advisor and ask what your current adjusted basis is and how low you can buy while still enjoying some measure of tax deferral.

Another way to fix this problem is to identify and purchase multiple replacement properties and cobble together enough value to get the desired tax deferral.

You could also do a build-to-suit exchange in which you erect improvements upon the replacement property during your 180 day exchange period to increase the value of the replacement property and enhance the amount of tax deferral that you enjoy.

CPEC1031, LLC – Your 1031 Exchange Intermediaries

Find a qualified intermediary for your next like-kind exchange by contacting CPEC1031, LLC. We have been facilitating like-kind exchanges under section 1031 of the Internal Revenue Code for decades. Our intermediaries have the knowledge and skills necessary to guide you through each and every stage of your 1031 exchange. Whether you’re conducting a forward exchange, a reverse exchange, or a construction exchange, we can help. Contact us today at our Twin Cities office in downtown Minneapolis to start the process!

• 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.

© 2025 Copyright Jeffrey R. Peterson All Rights Reserved

Video – Can I Sign a Purchase Agreement in a 1031 Exchange?

A common question that many people ask when they’re doing a 1031 exchange is:

“Can I sign a purchase agreement for the purchase of the replacement property even before closing on the sale of the relinquished property?”

The answer is yes, but it’s a very common misconception. In fact, not only can you sign a purchase agreement for your replacement property, you can also do a reverse exchange and have your intermediary acquire the replacement property as your surrogate.

Contact a Qualified Intermediary at CPEC1031, LLC

Contact a qualified intermediary at CPEC1031, LLC for help with your next like-kind exchange under section 1031 of the Internal Revenue Code. We have more than two decades of experience facilitating exchanges of all types - forward, reverse, construction, and more. We are well suited to handling all aspects of the like-kind exchange process and can make sure you do everything necessary to defer 100% of your capital gains tax burden when selling qualifying real estate. Reach out to our team today to set up a time to chat about your next exchange!

• 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.

© 2025 Copyright Jeffrey R. Peterson All Rights Reserved

Register Now - 1031 Exchange: From the Basics to the Complex in Real Estate Transactions

Presented by Jeffrey Peterson, President of CPEC1031

This program provides professionals with an understanding of I.R.C. Section 1031 Exchange rules, including foundational principles, real-world applications, and complex structuring scenarios. Topics include tax deferral theory, identification rules, related-party issues, drop & swap structures, and reverse exchanges.

At the end of the session, attendees will be able to:

• Explain the key principles and historical context of I.R.C. Section 1031 exchanges

• Identify the requirements for valid like-kind property and proper transaction structuring

• Recognize timing rules, disqualifying situations, and common pitfalls

• Understand complex strategies including reverse exchanges and drop & swap scenarios

2 hours of MN Real Estate CE applied for. 

Event Details

• Date: Thursday, December 11, 2025

• Time: 11:30 AM – 1:30 PM

• Location: The Shops at West End Community Room. 1621 West End Blvd, St. Louis Park, MN 55416

This is a lunch and learn event. Lunch will be provided. Please check in 15 minutes prior to the event to grab your lunch and be ready to learn.