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Georgia 1031 Exchange Rules

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Georgia 1031 Exchange Rules

In order to comply with IRS internal revenue code, georgia property owners must identify potential replacement georgia investment properties withing 45 days of the close of escrow and acquire said georgia investment property (or georgia investment properties withing 180 days of the closing of the relinquished georgia investment property. Furthermore, when entering into a georgia 1031 exchange, georgia property owners must comply with one of the following rules:

  • The Three-Georgia Investment Property Rule - Dictates that the seller must identify up to a total of three potential replacement georgia investment properties within the 180 day Acquisition Period.

  • The Two Hundred Percent Rule holds that, if three or more georgia investment properties are identified as replacement georgia investment properties, their aggregate market value must not exceed 200% of the value of the georgia investment property sold.

  • The Ninety-five Percent Exception is used in the event that rules 1f and 2 do not apply. In such a case, the aggregate market value of the georgia investment properties acquired in the exchange must comprise at least 95% of the closing value of the georgia investment property relinquished.

    Many georgia 1031 exchangers prefer buying 1031 georgia property as TIC because of the ease of completing the transaction and closing on georgia investment properties. This is due, in large part, to many pre-arranged financing deals available.




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