1031.Exchange INTELLIGENCE NETWORK
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EXCHANGE STRUCTURES

Simultaneous exchange

Also called: same-day exchange · concurrent exchange

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PLAIN-ENGLISH DEFINITION

An exchange in which the relinquished and replacement properties are transferred essentially at the same time.

What it means in practice.

A simultaneous exchange avoids the ordinary delay between disposition and acquisition, but documentation, closing coordination and tax requirements still matter.

Why it matters.

Same-day closings do not automatically make a transaction a qualifying 1031 exchange.

Additional notes.

A simultaneous exchange avoids the ordinary delay between disposition and acquisition, but documentation, closing coordination and tax requirements still matter.

PRIMARY / REFERENCE SOURCES

Read the source material.

irs.gov ↗irs.gov/publications/p544
CONNECTED LANGUAGE

Related definitions.

Exchange StructuresDeferred exchangeAn exchange in which the replacement property is received after the relinquished property is transferred.Core 1031Qualified intermediaryA commonly used independent facilitator that enters into an exchange agreement and helps structure transfers so the taxpayer does not simply receive the exchange proceeds.
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