The Basic Criteria of a Successful Tax Deferred Exchange

 

1. First, Investor should verify with their Accountant, Financial Advisor, and Attorney that an exchange is in their best interest.

2. Intent must be to exchange. Exchange language should be added to Both the sale and purchase contract.

3. Use a "facilitator" to accommodate the exchange transaction.

4. Trade for like kind property.

5. Follow the 45/180 day rule. An Exchange must identify replacement property in writing, within 45 days from the close of escrow of the Relinquished property and escrow must close within 180 days of such date.

6. Follow identification requirements:
3 Property Rule
200% Rule
95% Rule

7. Trade equal and up in equity and debt.

 

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