Like-Kind Exchange Calculator (Section 1031)
Calculate tax-deferred exchange of like-kind property.
Relinquished Property
Replacement Property
Boot
Timeline Deadlines
45 days to identify, 180 days to close (or tax return deadline)
Boot Breakdown
| Type | Amount |
|---|---|
| Cash/Property Received | $ 0 |
| Liability Relief | $ -30000 |
| Boot Given | $ 0 |
| Net Boot | $ -30000 |
Gain Calculation
Gain Realized:$ 100000
Gain Recognized:$ -30000
Gain Deferred:$ 130000
New Basis:$ 190000
Tax Saved:$ 26000
Exchange Qualification
Type:✓
Value:✓
Liability:✓
Timeline:✓
Recommendation
Exchange fully qualified! Gain deferred: $130000. Tax saved: $26000. New basis: $190000. Consider qualified intermediary.
1031 Exchange Key Points
- Real estate only (TCJA 2018)
- Like-kind: same nature/character
- 45 days to identify replacements
- 180 days to close exchange
- Use qualified intermediary (QI)
- Cannot touch cash during exchange
- Boot = cash + liability relief
- Boot triggers recognized gain
- Basis carries over + boot adjustment
- Form 8824 for reporting