💡 5 Simple Rules for a Successful 1031 Exchange! 💡 Thinking about using a 1031 exchange to defer taxes on your real estate sale? Follow these five essential rules to make sure you get the full tax benefits: ✅ Like-kind property – Farmland for a duplex? Yes! Farmland for a personal cabin? No. ⏳ 45-day identification period – You MUST identify replacement property within 45 days of closing. 📆 180-day purchase deadline – You have six months to complete the exchange. 💰 Don’t touch the money – A
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