Timing is crucial in any 1031 exchange, but many taxpayers try to put together a 1031 exchange at the last minute. While it is possible to piece things together at the zero hour, it’s not ideal by any means. In this article, we are going to discuss some of the benefits of talking to a qualified intermediary before beginning your 1031 exchange of real estate.
Give Yourself (And Your Intermediary) Plenty of Time
There are strict deadlines that govern 1031 exchange transactions. You only have 180 days total to finish your exchange once you’ve started it. And you’ve only got the first 45 of those 180 days to identify your replacement property. If you sell your relinquished property and decide two weeks later that you want to do a 1031 exchange, you’ve already lost precious time. That’s why it’s important to speak with a qualified intermediary well in advance of selling your relinquished property. Give yourself and your intermediary as much time as possible to set yourself up for a successful exchange.
Speak with a 1031 Exchange Professional
If you have questions about the 1031 exchange process and how it can help you defer capital gains taxes when selling investment real estate, speak with a 1031 exchange professional at CPEC1031, LLC today! Our team of qualified intermediaries has more than twenty years of experience facilitating exchanges of all types – from forward to reverse exchanges and everything in between! We can work with you throughout the entire exchange process and ensure you are aware of all the various rules and regulations of section 1031. Set up a time to chat with our team today by contacting us at our downtown Minneapolis office!
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.
© 2026 Copyright Jeffrey R. Peterson All Rights Reserved