10/15/2026
Tax tip: Swap till you drop.
Sell a rental and the IRS wants its cut of the gain. A Section 1031 exchange lets you roll that gain into the next property and defer the tax — again and again. Hold the final property for life, and your heirs inherit it at its date-of-death value, wiping out the deferred gain.
The rules are strict: a qualified intermediary must be in place before closing, you get 45 days to identify the replacement property and 180 days to close (or the return due date, including extensions, if earlier).
Full breakdown in the graphic — and talk to your tax pro before your next sale. This has to be set up in advance, not after the fact.
