Need help with a 1031 Exchange

[McKoy Allred]

I’m looking to flip 8 lots of land I own to buy a bigger lot. Can I sell them individually to different people and still do a 1031 exchange? Or does it have to be 1 transaction.

Thanks

[Bill Exeter]

Hi @McKoy Allred, 

You can sell them to individual buyers or sell them in packages as part of one 1031 Exchange transaction.  The closing of the first sale triggers the beginning of your 45 calendar day identification period and 180 calendar day exchange period, so timing of the closings is critical.