Free 1031 Exchange Calculator

Calculate the tax deferred through a 1031 like-kind exchange and determine the minimum replacement property requirements.

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Total Tax Deferred

$47,800

Minimum Replacement Property Price$600,000
Minimum New Mortgage Required$200,000
Realized Gain$214,000
Federal Capital Gains Deferred$24,600
Depreciation Recapture Deferred$12,500

Total Tax Deferred vs Capital Gains Rate

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
  • Example Calculation

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

    1. 01Net sale: $600,000 - $36,000 = $564,000
    2. 02Realized gain: $564,000 - $350,000 = $214,000
    3. 03Federal cap gains: ($214,000 - $50,000) x 15% = $24,600
    4. 04Depreciation recapture: $50,000 x 25% = $12,500
    5. 05State tax: $214,000 x 5% = $10,700
    6. 06Total tax deferred: $24,600 + $12,500 + $10,700 = $47,800
    7. 07Minimum replacement property price: $600,000
    8. 08Minimum new mortgage: $200,000

    Frequently Asked Questions

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