1031 exchanges require precise coordination between the relinquished property closing and the replacement property closing. 1st Option Title works with qualified intermediaries and ensures both closings meet IRS requirements.
A 1031 exchange allows an investor to defer capital gains taxes by reinvesting proceeds from the sale of one property into a like-kind property. The IRS has strict timelines and rules that must be followed for the exchange to qualify.
We coordinate with the qualified intermediary, ensure proper deed language, handle the exchange documentation, and coordinate timing between the relinquished and replacement property closings.