Interactive Checklist
Your Complete 1031 Exchange Checklist
Track every step of your 1031 exchange. Your progress is automatically saved to your browser.
Track every step of your 1031 exchange. Your progress is automatically saved to your browser.
Identify up to 3 properties of any value. Most commonly used due to simplicity.
Identify any number of properties if total value does not exceed 200% of sale price. Good for backup options.
Identify any number at any value, but must acquire 95% of total identified value. Rarely used.
If day 45 is approaching and you haven't identified properties, contact Simple 1031 immediately. Submit identification even if incomplete -- something is better than nothing.
If sale proceeds are accidentally transferred to your account, do NOT spend, move, or pledge the funds. Contact Simple 1031 and your attorney immediately -- this is an emergency.
Immediately pivot to backup identified properties. If within the 45-day window, work with your agent to find new properties quickly.
Have backup lenders pre-qualified. Consider bringing additional cash or negotiating seller financing if the loan amount is reduced.
Boot is taxable in the year of the exchange. Work with your CPA to calculate the impact and consider restructuring before closing.
Do not change LLC members, partnership interests, or taxpayer identity between sale and purchase without professional guidance.
Simple 1031 guides you through every step of this checklist. Contact us today for a free consultation.
This checklist is provided by Simple 1031 as an educational resource. Every exchange is unique, and this checklist should not replace professional advice from your qualified intermediary, CPA, and real estate attorney. Consult with qualified professionals before proceeding with any 1031 exchange.