1031 Exchange

What is the
1031 Exchange?

A 1031 Exchange lets you swap investment properties while deferring capital gains taxes. It’s a complex process with strict IRS rules, but Fortune Associates has the expertise to guide you through it. We’ll assemble a team of professionals to ensure compliance and help you find the perfect exchange property anywhere in the U.S.

Why Lose on a Property Sale When You Can Gain with a 1031 Exchange?

Identify the investment property you wish to sell and inform Fortune Associates of your intent to perform a 1031 Exchange.
Sell your investment property with the assistance of Fortune Associates, and the proceeds are held by a qualified intermediary.
Work with Fortune Associates to identify a like-kind replacement property within 45 days of the sale of your original property.
Complete the purchase of the replacement property within 180 days of the sale of your original property, using the proceeds held by the qualified intermediary.

Selling Property
Without a 1031 Exchange:

When you sell a property without using a 1031 Exchange, you typically receive cash from the sale and may be subject to capital gains taxes on the profit. Capital gains taxes are calculated based on the difference between the sale price and your original purchase price (adjusted for any improvements or depreciation).

Selling Property
Using a 1031 Exchange

A 1031 Exchange allows you to defer paying capital gains taxes by reinvesting the proceeds from the sale of one property into another, like-kind property. To qualify, you must identify a replacement property within 45 days of the sale of the original property and complete the purchase within 180 days.

Chat With Us

Get in touch with Fortune Associates for guidance backed by integrity and insight.