1031 Help Questions

[Preston Dean]

I have a client who wants to 1031 his properties. I have a couple questions for yall

1. If he has 4 rentals, can he 1031 all 4 rentals into 1 property?

2. Do the properties have to be just listed for the 45 day period to start? or under contract? or sold?

3. Can he 1031 his single family rentals into a duplex/4plex?

4. Can he do multiple 1031 exchanges in a certain time period? IE. 4 in a year or something.

Thank you

[Bill B.]

Yes

Sold, the 45 days is the identification phase. You have 180 days to actually close on the replacements. So you can sell property 1 day 1, sell property 2 day 30, identify the replacement property day 44, sell property 3 day 50, and buy identified replacement day 51 - day 180.

Yes

Yes, if different properties. These are supposed to be investments. So doing a 1031 of a property you just bought with a 1031 6 months ago will be frowned upon if you don’t have a good reason.