3. 040, requires an exchange facilitator to either maintain a fidelity bond in an amount of not less than one million dollars that protects clients against losses caused by criminal acts of the exchange facilitator, or hold all client funds in a qualified escrow account or qualified trust. 1031 Exchange Rules and Information. Exchange Rate Calculator Excel – Table of exchange rates. Our calculator also takes into account any applicable deductions, such as real estate agent fees, closing costs, and other expenses related to the sale of the property. ”. A 1031 exchange gets its name from Section 1031 of the U. Needed alone 10 inputs into a uncomplicated Excel spreadsheet. 1031 Team. 1031 exchange calculator. Clients of Plenti enjoy the Plenti Financial Marketplace- a complete solution of clear, accessible services for real estate investors. Calculating taxes due upon sale vs 1031 exchange as a starting point, a. A 1031 exchange is a way to sell and buy real estate while avoiding capital gains taxes. Capital gains tax is owed when you sell a non-inventory asset at a higher price than you paid resulting in a realized profit. 2. 1031 exchange marketplace for diversified portfolios of tax-differed property interests. In the above example, the Exchanger can add $100,000 of cash to offset the mortgage boot. TAKE ACTION. com. We've Moved! Our Mercer Island office is now in Kirkland. 1. If you want to meet the conditions for a 1031 exchange, you much purchase a replacement property for at least $650,000. However, there are times when you may want to hold back part of the sales proceeds and use the money for another purpose. This sounds like they need to be similar in type, but the IRS defines like-kind broadly. ORG - Master of Documents. 1031 Exchange Calculator Excel CALCULATORJHS. Or use the AutoSum feature to quickly total a series of values without entering them manually in a formula. Calculators Days Calculator Capital Gain Estimator. Check Details 1031 ebook guidebook residence realized1031 investor. Mortgage broker's commissions. Cost of capital improvements info_outline. Excel spreadsheet to help you with the preparation of IRS Form 8824 “LikeKind Exchanges. 1031 calculation renting owning27 1031 like kind exchange worksheet Exchange 1031 worksheet kind calculator excel section realized laptop experts investing difficult giving same think should why don re whichLike kind exchange worksheet —. $. If not already, this may be the time to seek professional guidance from one of your local top-rated real estate agents and 1031 exchange companies. An investor that holds property longer than 1 year will be taxed at the favorable capital gains tax rate. 888-367-1031. One of the greatest misconceptions of 1031 Exchanges involves the requirement that the real estate. Avoid common mistakes. If legal, tax, or accounting advice is r equired, the services of an independent professional should be sought. One should not place confidence in this nor any calculator on 1031gateway. Jeffrey Peterson is the president of CPEC1031, LLC. First enter the price you originally purchased your property for, the dollar amount of capital improvements you’ve made, and the. Original purchase price ($): 1031 Exchange Calculator: This 1031 Exchange calculator will estimate the taxable impact of your proposed sale and purchase. It is called the 1031 exchange because section 1031 of the internal revenue code exempts the seller of an. In a typical 1031 exchange where one property is exchanged for another property, TurboTax will prepare Form 8824, Like-Kind Exchanges, and lines 12 - 18 will reflect, among other things, the realized gain, recognized gain, the. To qualify as a Section 1031 exchange, a deferred exchange must be distinguished from. Exchange 1031 worksheet kind calculator excel section realized laptop experts investing difficult giving same think should why don re which1031 exchange worksheet excel 1031 spreadsheet exchange tax section power property next deferred profits move looks. Handling it utilizing electronic tools is different from doing this in the physical world. comQualified dividends worksheet 2019 Irs qualified dividends gains 915 revenue 12a simplified income ssurvivorDividends worksheet. indicating how you determined the gain if more than one exchange is entered into during one tax year. In essence you Defer the gain by transferring it to. Web follow the simple instructions below: Web form 8824 worksheet is a useful tool for preparing the tax return of a 1031 exchange, a transaction that allows you to defer capital gains taxes on the sale of an investment. Austin, TX 78701. Most importantly, I highly recommend that you only work with a QI that is associated with one of the major title companies. Just. Qualified dividends and capital gain tax worksheet 1040a — db-excel. ”. ID Form (Provided for the 45 day identification. §1. The template can. This 1031 exchange calculator will estimate the taxable impact of your proposed sale and purchase. Click here to use the free 1031 exchange calculator. Enter the following information and our calculator will provide you an idea of how a 1031 exchange will work in your situation. Calculate tax liability and net sales proceeds available for reinvestment with a 1031 Exchange Use Calculator Five Steps to Calculate Your Tax Liability. In a 1031 exchange, the owner of an investment or business property exchanges one property for another. in Section 1. Enter the pertinent information in the new asset received along with the Name or number of primary asset in like-kind exchange (code 279) of the two assets given up by pressing and entering Asset 1's asset number on one line and Asset 2's asset number on the second input line. 1. Under Business Income scroll to 'Less Common Business Situations' > Start Sale of Business Property. This calculator will use your information, including your 1031 exchange boot tax rate, to tell you how much boot you can anticipate having — and how big of a tax bill. 1 million. Contact our 1031 exchange professionals today to discuss the details of your exchange. While Legal 1031 will make every effort to keep this reference page current. 1031 exchange worksheet excel and exampl. It was a great help. Information exchange worksheet. Realized gain from the exchange (line 1 minus gain orPut your money to work for you by choosing to do a 1031 tax deferred exchange today. 400 W. Qualifying property must be held for use in a trade or business or for investment. comGains dividends . WorkSheet #1 - Calculation of Basis WorkSheet #2 & 3 - Calculation of Exchange Expenses - Information About Your Old Property WorkSheet #4, 5 & 6 - Information About Your New Property. 3) Still other times boot is avoidable. 1031 exchange estate real invited title seminar leading edge re irs maclaren group exchanges1031 exchange example examples taxes gains depreciation deferred invest recapture capital bill replacement property had into his 1031 exchange calculator with answers to 16 faqs!Spreadsheet excel calculator amortization expenses 1031 fmla. Web this 1031 exchange calculator will estimate the taxable impact of your proposed sale and purchase. Corporate entities, such as C corporations, S corporations, partnerships, and limited liability companies (LLCs), can also take advantage of the benefits offered by a 1031 exchange. Step 1: Retain the services of a certified public accountant or an attorney with tax deferred exchange experience; Step 2: Enter into a 1031 exchange agreement with a qualified intermediary, being sure to name the qualified intermediary as the principal in the sale of the relinquished property and in the purchase of the replacement propertyIt is also possible to refinance the property after you have started a 1031 Exchange. With this method, you leave all of the proceeds in and then pull tax free equity out of the new property by refinancing. Recognized Gain 1. However, if the Exchanger has $1,000,000 worth of net equity and trades into a building with only $900,000 of equity, the. The identification must be sent or delivered in writing by the Exchangor to someone involved in the exchange who is not a disqualified party. The accountant could suggest you embark on a 1031 exchange and roll over at least part of that gain into a like-kind property. If the investor does not move forward with an exchange, then the transfer of property is a sale subject to taxation. If the changes proposed under the American Families Plan are assumed in this example to have been enacted, we can observe that the tax benefits of exercising a like-kind exchange are drastically diminished. Our 1031 exchange calculator will help you to determine the tax deferment you will realize by performing a 1031 tax exchange rather than a taxable sale on your commercial property or multifamily property. It sells for $650,000. 1031 Property Exchange for Excel provides the input and calculations in order to evaluation section 1031 tax deferred real estate exchanges. Number of years owned. 1031X is a “Qualified Intermediary,” which means that we facilitate 1031 exchanges. $300,000 acquisition cost less $125,000 deferred gains = new basis of $175,000. Main Office. (1) Federal Capital Gains equal to Realized Gain less depreciation taken multiplied by the applicable rate. Apply the Currencies Data Type. Expenses of exchange 12. In practice, virtually any two types of real estate are like-kind. 1031(a)-1, 1. Commercial property is depreciated over 39 years. By doing this you avoid reporting all of ar at least a portion of the taxable gain of the sale on your current tax return. The $10,000 gain will be factored into the tax. But the term “adjusted basis” of an asset means the cost of an. Edwards, JD, CES®. Like Kind Exchange Calculator. 11/22/22. Failing to meet these deadlines may result in the disqualification of your exchange, leading to the forfeiture of the sought-after tax deferral benefits. These calculations show the approximate capital gain taxes deferred by performing an IRC Section 1031. Loveland Zillow Home Value Price Index. § 1031) states the recognition rules for realized gains (or losses) that arise as a result of an exchange of like-kind property held for productive use in trade or business or for investment. Because capital gains taxes may have to be. Immediately download the 1031 exchange. In this example,the amount is based on $400,000 of depreciation taken. here are the instructions from form 8824 regarding multi-asset exchanges. + Improvements while occupying home: $100,000. Properties must be “like-kind”. Looking for 1031 exchange resources and tools? David Moore, Equity Advantage 1031 exchange expert, provides the best concepts, resources, and calculators. 1031 provides for deferral of capital gains on the exchange of property held for productive use in a trade or business, or for investment, for replacement property that is also held for productive use in a trade or business or for investment purposes (Regs. Perform "What if" analysis by changing the input. Addendum B (Replacement Property) Click here to download PDF. The basis of the new property will inherit the lower bases of the older property. Like kind property is defined in IRC §1031, which is why such exchanges are often called §1031 exchanges. See here for more details. We hope that this worksheet will help with these reporting issues that present difficulties in reporting 1031 Exchanges. 3. $. " Nick Russo 1031 Investor. 1031 Exchange Calculation Worksheet And Sec 1031 Exchange Worksheet can be valuable inspiration for people who seek an image according specific categories, you can find it in this site. 15th Street Suite 700. Sold later absent an 1031 Exchange for $585,000, e. Use our Days Calculator to help keep you on track. This sounds like they need to be similar in type, but the IRS defines like-kind broadly. Web according to irc section 1031, a 1031 exchange is a transaction which allows a tax payer to exchange one property for another by deferring the tax. Even better, our calculator can show you the benefits of a 1031 exchange — you’ll immediately see the difference in available capital with or without one. Download our free capital gains tax calculator. #1050, Irvine, CA 92614. $606,625. Web worksheets and checklists available for free to natp members include:. Finding the New Cost Basis. $ 7,273. To qualify for a 1031 exchange, the relinquished property and the replacement property must be “like-kind. ”. com Check Details. See Page 1 of the Instructions for Form 8824 on multi-assetparty in a like-kind exchange, you must file Form 8824 with your tax return for that year. Gain or loss on non-like-kind property transferred 3. This then leaves you with a recognized gain of $50,000. Basis Calculation and Recognition of Gain or Loss Under IRC section 1031(d), basis of like-kind property received in a like-kind exchange is the same as that of the property exchanged, decreased by the amount of money received by the taxpayer, and increased by the amount of gain (or decreased by the amount of loss) recognized in the. We don't think 1031 exchange investing should be so difficult. Section 1031 provides that “No gain or loss shall be recognized if property held for use in a trade or business or for investment is exchanged solely for property of like kind. (2) Based on amount of depreciation taken during ownership of the property. 1031 Exchange Calculation Worksheet and Sec 1031 Exchange Worksheet. One important update to note is that under the Tax Cuts and Jobs Act of 2017, Section 1031 now applies only to exchanges of real property and not to exchanges of personal or intangible property. The results of combining the two tax-deferral methods are a gain deferral from the section 1031 exchange of $2 million and an increase of $50,000 in depreciation deductions in the current year, resulting in reduced taxes of nearly $20,000, assuming a. Property value = $200,000. When you sell a property, the IRS wants to tax the profit you made. 1031 exchange irs 1031 exchanges in iowa Exchange 1031 worksheet kind calculator excel section realized laptop experts investing difficult giving same think should why don re which. Now that we understand what is a 1031 exchange, let's discuss reasons not to do a 1031 exchange. Contact Our Team. Even if you did not close on your Replacement Property until the following year, Form 8824. Single-Family Versus Multifamily Investing. For investors, there are two major benefits to a partial 1031 Exchange, cash and reducing debt levels. 1031 Exchange Worksheet 2019 2020-2023 - Fill and Sign Printable. The Tax Benefits of 1031 Exchanges. Form 8824 Worksheet is a useful tool for preparing the tax return of a 1031 exchange, a transaction that allows you to defer capital gains taxes on the sale of an investment. Each property is owned by a different LLC, each LLC has the same common single member LLC as it’s member. 400 W. Austin, TX 78701. Includes state taxes and depreciation recapture. type of Section 1031 exchange is a simultaneous swap of one property for another. Share your form with others. Information about the like-kind exchange and requirements under IRS Code Section 1031 for recognizing a gain or loss. To pay no tax when executing a 1031 exchange,. 7. Normally a 1031 exchange is used to defer the capital gains tax owed by reinvesting 100% of the proceeds from the sale of a relinquished property into the new replacement property. Web download the free like kind exchange worksheet. All |. Check Details. It states that none of the realized gain or loss will be recognized at the time of the exchange. 3%. For example, an office building. Web ficha para practicar el verbo like en afirmativo. Follow these simple steps to get 1031 Exchange Worksheet 2019 prepared for sending: Select the form you want in our collection of legal templates. Source: db-excel. docx. 1031 Exchange Rules. The taxpayer took depreciation on Property X for the 10 years they owned the property. Gain or loss on non-like-kind property transferred 3. 3M in assets. Deferred exchanges are more complex but allow flexibility. IRS Form 8824, the 1031 Exchange form, is where you report your Section 1031 Exchange – Delayed, Reverse, or Construction. Let's create the formula for straight-line depreciation in cell C8 (do this on the first tab in the Excel workbook if you are following along). That 180 day period starts the day after closing (the day after the date of closing). So let’s say you bought a real estate property five years ago. Web list the best pages for the search, 1031 exchange excel spreadsheet. A 1031 exchange is a swap of one real estate investment property for. Open the business Schedule where the asset needs to be linked to (Schedule C, Schedule E Worksheet, etc). Property used primarily for personal use, like a primary residence or a second home or vacation. Note that you can see all of the calculations so you can better understand how the final figures were calculated. 2000-37, with a slight tweak. 3%. Depreciation Recapture Calculator. Original purchase price ($): Capital improvements ($): Accumulated depreciation ($): Sales price ($): Selling expenses ($):What is a 1031 Exchange? A 1031 exchange lets real estate investors defer taxes, both capital gains and depreciation recapture, when they sell an investment property. Jen owns a $300,000 investment property free and clear. This might be obvious, but it’s worth noting: in a 1031 exchange, both the property being sold/exchanged and the property being bought need to be purchased by the same party. Web 1031 exchange worksheet excel and example of form 8824 filled out. A 1031 exchange must be reported for the tax year in which the exchange was initiated throughProperty Y: $300,000 / total replacement property value of $1,200,000 = 0. All three steps must be completed for the tax return to contain the correct information. Reg. Internal Revenue Code (IRC) Section 1031 states that any exchange of properties of similar use can be exempt from most taxes. Calculate Now. In a partial 1031 exchange, “boot” refers to any leftover sale proceeds subject to tax. To pay no tax when executing a 1031 Exchange, you must purchase at least as much as you sell (Net Sale) AND you must use all of the cash received (Net Cash Received). The Exchanger has found a Ranch that he needs to acquire before the three apartment buildings have been sold. 1031 Exchange Calculator. It’s an excellent paired resource in understanding the 1031 exchange. Size: 116. We’ll be happy to help you with calculating your 1031 Exchange, please give us a call 215-489-3800. $300,000 acquisition cost less $125,000 deferred gains = new basis of $175,000. To offset the taxable gain on the cash boot received, Taxpayer A performed a cost segregation study and accelerated $600,000 of depreciation deductions utilizing Section 481 (a. Phone: 916-252-6900. To pay no tax when executing a. Boot results from a difference in value between the original property, known as the relinquished property, and the replacement property. Proc. - Calculation of Net Cash Received or Paid WorkSheet #s 7 & 8 - Calculation of Form 8824, Line 15 - Calculation of Basis of New Property for Form 8824, Line 18 WorkSheet #s 9 & 10 - Completing Form 8824 - Calculation of Recapture for Form 8824, Line 21 You can either keep or shred your completed WorkSheets. Form 8824 (Filed when tax returns are due to document the 1031 Exchange) Click here to download PDF. Select the Exchange Data. Realized gain from the exchange (line 1 minus gain or Put your money to work for you by choosing to do a 1031 tax deferred exchange today. Benefits. Properties must be “unambiguously” identified. Zillow has 38 photos of this $617,750 4 beds, 3 baths, 3,435 Square Feet single family home located at 1829 Lazear St, Loveland, CO 80538 built in 2022. 1031 Crowdfunding launches Covenant Senior Housing REIT with $51. Like Kind Exchange. Immediately download the 1031 exchange calculator. Please note that this calculator only shows the 180-Day Exchange. QI’s are unregulated and on at least 2 occasions i have seen investors lose money to unscrupulous ones. Date acquired and Date. 3. Ad own real estate without dealing with the tenants, toilets and trash. One of the primary tax benefits of a 1031 exchange is the deferment of capital gains tax. (3) Rate varies by state. Refresh the Exchange Data. We tried to get some great references about like. Subtract the amount realized from the cost basis of the new property and add the depreciated basis back in. If you have any questions at all about any of these requirements, contact me and my team at 850-889-1031. Martin S. The cost is listed in cell C2 (50,000); salvage is listed in cell C3 (10,000); and life, for this formula, is the life in periods of time. 1031 exchange is purchased for $1,500,000. To pay no tax when executing a. What is a 1031 Exchange? Qualified “Like-Kind” Property; 1031 FAQs; Resources. 1031 Exchange. Create a. We tried to get some great references about like. Include your name and tax ID number at the top of each page of the statement. Many factors are involved in calculating taxes, including factors unique to each taxpayer. It uses the date of the sale, adjusted basis, sales price, cost, commissions, exchange fee, liabilities, and mortgages. Mortgage boot is a little bit trickier and also creates a potentially larger amount of boot that is subject to capital gains tax if you’re not careful: Relinquished property. 1031(a)-3, and 1. Calculate Your Gains 1031 Exchange Guide 1031 IRS Code. S. Basis of that property A (after depreciation) is $18,263. 1031 Exchange Manual; 1031 Exchange. Treas. * indicates required. The net proceeds of a cash sale of real estate are subject to capital gains tax. Step 4. . Web web like kind exchange worksheet 1031 exchange calculator excel. A like-kind exchange consists of three main steps. Section 1031: A section of the U. g. 25. You choose to sell your current property with a $150,000 mortgage on it. By utilizing a 1031 exchange, corporate entities can defer capital gains taxes, preserve their investment capital, and potentially grow their real estate portfolios. 1031 calculation renting owning27 1031 like kind exchange worksheet Exchange 1031 worksheet kind calculator excel section realized laptop experts investing difficult giving same think should why don re whichLike kind exchange worksheet —. On Mac, click the New tab and then click Blank Workbook. (2) Based on amount of depreciation taken during ownership of the property. Type text, add images, blackout confidential details, add comments, highlights and more. Web under the tax cuts and jobs act, section 1031 now applies only to exchanges of real property and not to exchanges of personal or intangible property. Example: A property was sold in a Sec. This calculator will help you to determine the tax deferment you will realize by performing a 1031 section like-kind exchange rather than a taxable real estate sale. Follow each screen to make your entries > Your Form 8824 will be completed for you based on your entries. In this example, you'd subtract $149,080 from $197,150 to find out that you put $48,070 of new value in, then add back the old property's depreciated value of $71,625 to find a new basis of $119,695. Make the most of your investment with our 1031 Forward Exchange services. They allow you to dispose of. 1031 proceeds held by QI = $100,000. S. Here’s a simple example of how it works: Current property value: $550,000 including improvements less depreciation. 80224. CA Location: 2603 Main Street. Aircraft as a 1031 Exchange. The rules allow for an exchanger to pay for excepted or disregarded transactional items with exchange funds when doing so might not invalidate the exchange; however, should a taxing authority review the transaction, they may consider these items “boot” – taxable non-like kind property. There was $700,000 of depreciation leftover at the time of the exchange (aka "carryover basis"). In addition, you need to borrow a minimum of $150,000 to pay for it. What Is The Formula For Capital Gains Tax -. An exchange of multiple properties or assets can be a tax-deferred like-kind exchange. Web worksheets and checklists available for free to natp members include: Fill in the blanks with like or as. Regular 1031 exchange rules are already challenging enough. Main Reasons Not To Do A 1031 Exchange. If a 1031 exchange is performed, it is any amount purchased less than the net sale OR any amount of cash taken from the net proceeds (often referred to as "boot"). info@re-transition. Begin eSigning 1031 exchange worksheet excel with our tool and become one of the numerous satisfied clients who’ve already experienced the advantages of in-mail signing. Calculate the taxes you can defer when selling a property. Edit your 1031 exchange worksheet online. A is a strictly regulated real estate transaction and you need to be sure to follow the IRS rules for the timeline and deadlines. Web worksheet april 17, 2018. Use our calculator to explore the benefits of 1031 Exchange vs Selling: The advantages are clear. 11. com Capital gains and losses calculator template for excel Capital gains worksheet for 2021. Deferred gain from previous 1031 exchange, if any ( (3) Less depreciation taken during ownership ( (4). Total tax liability = $40,700 (Click for the 1031 Exchange calculator). Calculation of Capital Gain - Sale price $ (6) Less adjusted basis (line 5 above) ( (7) Capital Gain (lines 6 minus 7) $ (8) Type of Capital Gain - 25% rate gain (line 4 above) $ (9). ”. Like-kind exchanges -- when you exchange real property used for business or held as an investment solely for other business or investment property that is the same type or “like-kind” -- have long been permitted under the Internal Revenue Code. The taxable amount of the transaction. S. Evaluate boot given and received. 45 Day Deadline: Must identify potential like-kind replacement properties to the qualified intermediary no later than midnight of the 45th calendar day following the close of the relinquished property sale transaction. use of the §1031 exchange. This guide simplifies the time frame for 1031 exchange to its most basic level. While the owners must invest in the properties, very few other rules exist. com. Tax Basis = $90,000. The time frame or timeline requirements for a 1031 exchange can be broken into three sections. After the 45th day, you have 135 days remaining in the total exchange period. It sells for $650,000. Find the right home for you. Download this excel loan calculator template in pdf online and create a thorough and profession loan calculator file with accurately calculated loans for your business or organization. 1031 like kind exchange calculator ️1031 exchange calculation worksheet free download| xanimeindo. capital gains and depreciation recapture taxes apply to the $120,000 gain ($585,000 minus $465,000 cost basis). 1031. Use this calculator to help you determine the deadlines for the 45-Day Identification Period and the 180-Day Exchange Period based on the closing date you provide for the relinquished property. Calculate the taxes you can defer when selling a property. Web purchase price, exchange property less depreciation taken to date of sale less deferred gain from previous 1031 exchange (if any) net cash paid (same as line 3. Internal Revenue Code, is a way to postpone capital gains tax on the sale of a business or investment property by. To pay no tax when executing a 1031 Exchange, you must purchase at least as much as you sell (Net Sale) AND you must use all of the cash received (Net Cash Received). Call Toll Free: (888) 771-1031; IPX1031 Insight Blog; Locations;. Web exchanges limited to real property. Then prepare Worksheet 1 after you have finished the preparation of. This method is popular with investors looking to upgrade properties without paying taxes on proceeds. 65%. Realized gain (Section A, line 10) 2. 17766 Preston Road Suite 200 Dallas, TX. Selling price less selling costs. 50%. Like Kind Exchange Calculator. 1031 (k)-1 (g) (7). Evaluate boot given and received. Partial 1031 Exchange Boot Calculator This Calculator Will Use Your. com Exchange kind. Finding the New Cost Basis. A 1031 exchange enables a business owner or investor to sell one commercial property, buy another, and delay paying capital gains taxes. Days are based on calendar days and not business days; with no exceptions for weekends or holidays. 888-367-1031. Tangible property is real property for purposes of section 1031 if: • On the date it is transferred in an exchange, the property is classified as real 1031 Exchange Tax Worksheet And Free 1031 Exchange Worksheet Excel There are a few additional features that are available in this Excel worksheet that can help you out. to get email alerts when listings hit the market. 1031 Exchange Deadline Calculator. "washington state law, rcw 19. Capital gains tax might result from selling your home, stocks, bonds, commodities, mutual funds, a business, and other similar capital assets. START AN EXCHANGE. Replacement property. We don't think 1031 exchange investing should be so difficult, which is why we're giving you the same tool our exchange experts use to help investors make smart 1031 exchange decisions. . In 2017’s tax reform act, personal property was excluded from 1031 treatment. 310. This type has some timing rules, including that you have 45 days from the date of sale of the relinquished property to identify potential replacement properties in writing to your QI and 180 days from the date of sale of your relinquished property to. Automatically create sample worksheets of IRS Form 8824. 1031 Exchange Calculator. Thank you all for the comments!! So many knowledgeable people here 🙂 More details:. Get exchange rate history. If not already, this may be the time to seek professional guidance from one of your local top-rated real estate agents and 1031 exchange companies. A 1031 exchange is a real estate deal that lets you “exchange” one investment property for another. For starters, we’ll add detail to our earlier reference to the.