09/28/2026
“A 1031 exchange lets you sell an investment property and defer the tax bill entirely — if you follow the rules exactly.”
I get asked about this constantly by clients holding rental property in this Valley. Here’s the foundation, in plain language:
1. What it does: allows you to sell one investment property and roll the full proceeds into another “like-kind” investment property, deferring capital gains tax on the sale — not eliminating it, deferring it.
2. The 45-day rule: from the day you close on the sale, you have 45 calendar days to formally identify replacement properties in writing. No extensions, no exceptions.
3. The 180-day rule: you must close on the replacement property within 180 days of the original sale. These two clocks run simultaneously, not sequentially.
4. You never touch the money: proceeds must go through a qualified intermediary. If the funds land in your personal account, even briefly, the exchange is disqualified.
5. It’s a strategy, not a shortcut: this works best as part of a long-term wealth-building plan, coordinated with your CPA and a broker who understands investment property in this specific market.
If you’re holding — or thinking about buying — investment property in this Valley, this is a conversation worth having before you list anything.
📞 970.404.7110
I can help you achieve your Real Estate goals!
¡Yo le puedo ayudar a alcanzar sus metas de Bienes Raíces! .
Giovanna O. Kennedy
Your Aspen Valley Broker & Realtor®
C. 970.404.7110
e. [email protected]
TheAspenValley.com
