Types of 1031 Exchanges
Simultaneous Exchange
To concurrently transfer ownership of both the relinquished property and the replacement property.
Delayed Exchange
A property is sold and within 180 days, a replacement property is purchased.
Reverse Exchange
The replacement property is identified and purchased before the relinquished property is sold.
Improvement Exchange
When the exchanger wishes to either make improvements to an identified replacement property, or construct a new replacement property.
What Does Not Qualify for a 1031 Exchange?
Personal property that does not qualify under IRS guidelines includes:
Stock in trade or other property held primarily for sale
Stocks, bonds or notes
Other securities or evidence of indebtedness or interest
Interest in a partnership
Certificates of trust or beneficial interests