Calculadora de Troca 1031 — Formula

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

    • Exemplo Resolvido

    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