
Selling an Alabama investment property? A 1031 exchange lets you defer the tax bill and roll every dollar into your next deal — so you keep building your Alabama portfolio instead of writing a check to the IRS. I don't chase deals. I command them.
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Three moves. Zero tax bill today. Command the timeline — don't let it command you.
Close the sale of your investment property and open the exchange with a qualified intermediary — before you touch the proceeds.
You have 45 calendar days from the sale closing to formally identify your replacement property. The clock starts the day you close — no extensions.
You have 180 calendar days from the sale closing to close on the replacement property and complete the exchange.
The investors who build real wealth don't pay taxes they can legally defer. They redeploy.
A 1031 exchange (named for Section 1031 of the tax code) lets you sell an investment property and defer capital gains taxes by reinvesting the proceeds into a like-kind replacement property — following strict IRS timelines.
Both clocks start on the same day: the closing date of your sale. You then have 45 calendar days to identify replacement property and 180 calendar days total to close on it. Miss either deadline and the exchange fails.
Like-kind is broad for real estate: almost any investment real estate qualifies — single-family rentals, multifamily, commercial, land. Your personal residence does not qualify.
Yes. The IRS requires a qualified intermediary to hold the proceeds between the sale and the purchase. You cannot touch the funds yourself — doing so disqualifies the exchange.
This is general information only — consult a qualified intermediary and your tax advisor.
West Capital Lending, Inc. | NMLS #1566096
Prue Porter, Senior Mortgage Loan Originator | NMLS #2507384 | (248) 781-3352
This is general information only — consult a qualified intermediary and your tax advisor.