Did you miss the opportunity to set up a 1031 exchange agreement prior to closing, or fail to identify replacement properties within the 45-day identification window?
Even if your 1031 exchange fell through, there are strategies available to defer your capital gains taxes. But time is critical, so acting immediately is essential.
Even if your 1031 exchange failed, combining these two strategies can provide smart alternatives:
If replacement properties were not identified within the 45-day window, redirect proceeds into an OZ Fund instead
You have an additional 135 days (for a total of 180 days from the sale) to complete the OZ Fund investment process.
At DontPayTax.com, we specialize in turning challenges like blown 1031 exchanges into opportunities. Our team of professionals will work with your tax adviser—or provide one if needed—to craft personalized solutions that meet your unique financial circumstances.
Time is critical when dealing with capital gains deferral. Let us help you explore solutions that make sense for your situation, whether through Opportunity Zones, 1031 exchanges, or a combination of strategies.
Disclaimer
The information provided here is for informational purposes only and should not be considered specific tax or legal advice. Always consult with your tax or legal adviser to determine what strategy works best for your situation. We are happy to collaborate with your adviser to develop a customized plan.
Securities offered through Realized Financial, Inc. (“Realized”), a broker/dealer and member FINRA/SIPC. DontPayTax.com is not affiliated with Realized. Realized does not offer tax or legal advice. This site is published for residents of the United States only. Representatives may only conduct business with residents of the states and jurisdictions in which they are properly registered. Therefore, a response to a request for information may be delayed until appropriate registration is obtained or exemption from registration is determined. Not all of services referenced on this site are available in every state and through every representative listed. For additional information, please contact Realized’s Compliance department at 512-472-7171.