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For 1031 Buyers

You have a 45-day clock. We have the Playbook.

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Downtown skyline — the CRE market a 1031 buyer is looking at

What you'll actually need, in order

Day 1 to day 180, step by step.

  1. 01 · Today (or before downleg closes)

    Engage a Qualified Intermediary

    Must be in place before the relinquished property closes. Here's how to vet one →

  2. 02 · Downleg closes

    Proceeds wire to the QI

    You cannot receive or touch the funds. Your 45-day and 180-day clocks start the next day.

  3. 03 · By day 45

    Identify replacement property(ies)

    Signed, written identification delivered to your QI by midnight day 45. Identification rules →

  4. 04 · By day 180

    Close on the replacement

    Or by your federal tax return due date with extensions, whichever is earlier. Target day 150 for actual close with a 30-day buffer.

  5. 05 · Tax return

    File Form 8824

    Attached to your federal return for the year the downleg closed. Form 8824 walkthrough →

  6. 06 · Ongoing

    State clawback filings if applicable

    California, Massachusetts, Montana, Oregon track deferred gain. State-by-state rules →

Resources bookmarked by real 1031 buyers

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