What is a 1031 Exchange and Why It Matters
A 1031 exchange lets you sell investment or business property and reinvest the proceeds into a like-kind property without paying capital gains taxes. You Decide Realty specializes in structuring these transactions to help you preserve wealth, reduce tax liability, and build generational assets across residential, luxury, and commercial markets in Las Vegas.
Questions about 1031 exchanges
Get clear answers to the concerns that matter most when considering a 1031 exchange strategy.
What exactly is a 1031 exchange and how does it work?
A 1031 exchange lets you sell a property and reinvest the proceeds into a similar property without paying capital gains tax immediately. You have 45 days to identify a replacement property and 180 days to close. You Decide Realty guides you through each deadline and requirement to keep your exchange on track.
Am I eligible to do a 1031 exchange on my investment property?
If you own investment or business property, you likely qualify. Primary residences don't qualify. The property must be held for investment or business purposes. Ken Calder reviews your specific situation to confirm eligibility and explore your options.
What happens if I miss the 45-day or 180-day deadline?
Missing these IRS deadlines means you lose the tax deferral and owe capital gains tax on the sale. You Decide Realty manages timelines carefully and communicates every deadline so you stay compliant and don't lose the benefit of your exchange.
Can I use 1031 exchange proceeds to buy a more expensive property?
Yes. You can trade up to a more valuable property. You can also use additional cash to cover the difference. If the replacement property costs less, you may owe tax on the unused proceeds, so strategic pricing matters.
Do I have to use the same type of property in a 1031 exchange?
No. You can exchange residential for commercial, land for apartment buildings, or vice versa. The IRS requires the replacement property to be similar in nature and use, but that gives you flexibility to diversify your portfolio.
How does You Decide Realty help manage the 1031 exchange process?
We handle property identification, contract negotiation, closing coordination, and timeline management. Our expertise in Las Vegas residential, luxury, and commercial markets ensures you find the right replacement property and close before your deadline.
Ready to explore your options?
Let Ken Calder walk you through a 1031 exchange strategy tailored to your situation.
20+ years of successful 1031 exchanges
You Decide Realty has guided clients through complex wealth-preservation strategies with a track record built on expertise and personalized guidance.
20+
Years of experience
Two decades guiding clients through 1031 exchanges and wealth preservation strategies in Las Vegas.
100%
Compliance rate
Every 1031 exchange facilitated by You Decide Realty meets IRS requirements and timelines.
50+
Successful exchanges
Clients who've protected and grown wealth through strategic property exchanges with our guidance.
3
Days average response
You get fast answers and clear guidance throughout your entire 1031 exchange process.
Schedule your 1031 exchange consultation
Talk with Ken Calder about your property strategy. Get clarity on timing, taxes, and next steps.