Local, Trusted, and Qualified Intermediary

3 Steps for a 1031 Exchange

l
We provide the necessary documentation for converting your sale into an exchange. At
closing, all proceeds are directed to a St George Exchange Qualified Trust Account.
Identify Replacement Property within 45 days of Relinquished Property sale.
Acquire Replacement Property within 180 days of the Relinquished Property sale, or the due date of the tax return, including extensions, for the year of the sale.

Qualified use Relinquished and replacement properties must be held for invetsment or productive use in a trade or business, not for resale or personal use.

Holding period There is no set time.

Like-Kind Exchange(LKE) Replacement property must be “like Kind” to relinquished property (i.e., real estate for real real estate)

Equal Value to defer all tax, all relinquished property sale proceeds must be used to purchase replacement property of equal or greater value.

Purchase Period Replacement property must be identified within 45 days and acquired within 180 days of sale of relinquished property.

Indentification Choose one of three options for identifying Replacement Property:
1) Up to three Properties of any value.
2) Any number of properties with a combined value less than 200% of Relinquished Property
3) Any number of Properties if you acquire 95% of the combined value of the property.

Qualified Intermediary Sales proceeds must be held by a Qualified Intermediary between the
sale of Relinquished Property and the purchase of Replacement Property.

Need to defer capital gains tax by doing a 1031 Exchange? We can help!

Call us today at (435) 429-1500 or email us at info@stgexchange.com

The information contained herein is for informational purposes only and does not constitute tax, legal or accounting advice. You are advised to seek appropriate professional advice regarding your facts and circumstances. All exchange and qualified intermediary services are offered through ST GEORGE EXCHANGE, LLC, A Utah limited liability company.

Get in touch with us!