Illustration of a Section 1031 like-kind exchange — two investment buildings with a swap arrow and a deadline calendar showing the 45-day and 180-day rules
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Section 1031 Exchange: Defer Tax on Investment Real Estate

Can you defer tax when you sell investment property? Often, yes. A Section 1031 exchange lets you defer capital gains tax when you swap real property held for business or investment for like-kind real property. The trade-off: strict deadlines — 45 days to identify a replacement and 180 days to close — and, since 2018,…