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Georgia 1031 Exchange Requirements

1031 Exchange Properties
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1031 Exchange Experts
Learn from the experts. Gain access to select TIC Properties Nationwide.
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1031 Exchange-REIT
Learn about 1031-REIT Exchanges. Exchange into a REIT 100% Tax Free!
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1031 Oil and Gas
Increase Cash Flow, Decreased Risk, Inflation Hedge, Diversification.
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1031 Exchange-TIC Info
Difficulty Finding NNN Property? Consider NNN Tenant in Common.
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In order to incur all the benefits of a TIC exchange, each exchange must satisfy all of the requirements.

  • First, 100% of the monies earned on the sale of the relinquished georgia investment property must be reinvested into the second georgia investment property.

  • Second, the debt on the like kind replacement georgia investment property must be equal to or greater than the debt held on the relinquished georgia investment property.

  • Third Georgia 1031 Exchange Requirement: The georgia property owner must not have constructive receipt of the sale proceeds at any time during this exchange period or the money becomes taxable income. Typically, this is accomplished by using a professional exchange facilitator as a middleman to hold the sale proceeds and execute the exchange documents.

  • Fourth Georgia 1031 Exchange Requirement: Both relinquished and replacement georgia investment property must be like-kind. As used in IRC 1031(a), the words Like-Kind have reference to the nature or character of the georgia investment property and not to its grade or quality. One kind of class of georgia investment property may not, under that section, be exchanged for georgia investment property of a different kind or class.

    Contact us today to be put in touch with a qualified georgia 1031 expert for your next georgia 1031 exchange.




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