1031 Exchange Basics
Plain-language explanations of the rules and deadlines that govern a Washington 1031 exchange, from identification through closing.
1031 Exchange Basics
What Is Boot in a 1031 Exchange
What boot means in a Washington 1031 exchange, how cash boot and mortgage boot arise, and why either one can create a taxable gain even in a valid exchange.
ExploreLike-Kind Property Explained
What counts as like-kind real property for a Washington 1031 exchange, what does not qualify, and how the rule applies across different property types.
ExploreThe 45-Day Identification Period
How the 45-day identification period works in a Washington 1031 exchange, including the three-property, 200 percent, and 95 percent identification rules.
ExploreThe 180-Day Exchange Deadline
How the 180-day closing deadline works in a Washington 1031 exchange and how it interacts with the investor's federal tax return due date.
ExploreThe Qualified Intermediary Role
Why a qualified intermediary is required in a Washington 1031 exchange, what the safe-harbor rules cover, and what happens if an investor receives proceeds directly.
ExploreRelated-Party 1031 Exchange Rules
How Section 1031(f) related-party rules affect a Washington 1031 exchange, the two-year holding requirement, and the common traps that void deferral.
ExploreReverse 1031 Exchange Explained
How a reverse 1031 exchange works for Washington investors who need to buy the replacement property before selling, including the parking arrangement and the EAT.
ExploreImprovement and Build-to-Suit Exchange
How an improvement exchange lets a Washington investor use exchange funds to build or upgrade a replacement property within the standard 180-day deadline.
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