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1031 Exchange Planning

Plan and execute 1031 exchange: identify replacement properties, track timelines, ensure compliance.

Complexity: Complex | Duration: 30m+ | Category: Finance/Investment

Tags: real-estate 1031-exchange tax-deferral compliance like-kind

Workflow Diagram​

Steps​

Step 1: Eligibility Check​

Agent: tax

specialist - Verify property qualifies for 1031 exchange

Step 2: QI Selection​

Agent: compliance

specialist - Select and engage qualified intermediary

Step 3: Sale Preparation​

Agent: real

estate-analyst - Prepare relinquished property for sale

Agent: real

estate-analyst - Identify potential replacement properties

Step 5: 45​

Agent: Day Tracking

compliance-specialist - Track 45-day identification deadline

Step 6: Property Identification​

Agent: real

estate-analyst - Formally identify up to 3 replacement properties

Step 7: Due Diligence​

Agent: real

estate-analyst - Perform due diligence on replacement properties

Step 8: 180​

Agent: Day Tracking

compliance-specialist - Track 180-day closing deadline

Step 9: Closing Coordination​

Agent: real

estate-analyst - Coordinate simultaneous closings

Step 10: Documentation​

Agent: compliance

specialist - Ensure all 1031 documentation is correct

Step 11: Tax Verification​

Agent: tax

specialist - Verify exchange meets all IRS requirements

Step 12: Report​

Agent: documentation

writer - Generate 1031 exchange summary for tax filing

Usage​

To execute this workflow:

/workflow finance/investment/1031-exchange-planning.workflow

See other workflows in this category for related automation patterns.