Short Answer
A 1031 exchange allows real estate investors to defer capital gains taxes when selling one investment property and buying another of equal or greater value. The proceeds from the sale must be held by a qualified intermediary, and you have 45 days to identify potential replacement properties and 180 days to close on one. The tax deferral can continue indefinitely if you keep exchanging properties. Full answer page coming soon.
Full answer page coming soon. This page will explain how 1031 exchanges work in New Jersey including timelines, rules, and strategies for deferring capital gains taxes.
Bob's Advice
Redfin Senior Agent · AI Certified Agent
Full answer page coming soon. A 1031 exchange is a powerful wealth-building tool, but the timelines are strict. Work with a qualified intermediary and a tax professional who specializes in 1031 exchanges to ensure you comply with all IRS rules.
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