Calculateur d'Échange 1031 — Formule

## 1031 Like-Kind Exchange

Section 1031 of the Internal Revenue Code allows investors to defer capital gains taxes by exchanging one investment property for another of like kind.

### Requirements for Full Deferral

1. **Replacement price must equal or exceed the sale price** of the relinquished property
2. **All equity must be reinvested** into the replacement property
3. **Debt must be replaced** with equal or greater debt on the replacement property

### Critical Timelines

- **45 days**: Identify replacement property (up to 3 properties)
- **180 days**: Close on the replacement property

### What Qualifies

- Investment or business real estate only (not primary residence)
- Like-kind is broad: apartment can exchange for commercial, land, etc.
- A qualified intermediary must hold the funds between sales

Exemple Résolu

Selling investment property for $600,000 with $350,000 basis, $36,000 selling costs, $200,000 mortgage, $50,000 depreciation taken.

  1. Net sale: $600,000 - $36,000 = $564,000
  2. Realized gain: $564,000 - $350,000 = $214,000
  3. Federal cap gains: ($214,000 - $50,000) x 15% = $24,600
  4. Depreciation recapture: $50,000 x 25% = $12,500
  5. State tax: $214,000 x 5% = $10,700
  6. Total tax deferred: $24,600 + $12,500 + $10,700 = $47,800
  7. Minimum replacement property price: $600,000
  8. Minimum new mortgage: $200,000