What are the different types of 1031 like-kind exchanges?
Simultaneous (Concurrent) Exchange: The exchange (disposition) of the relinquished property (sale property) and the purchase of the like-kind replacement property occurs at the same time. Delayed Exchange: This is the most common structure or form for most 1031 exchange transactions today. A Delayed Exchange occurs when there is a time delay between the transfer (conveyance) of the relinquished property (sale property) and the purchase of the like-kind replacement property. A Delayed Exchange is subject to specified time frames, which are set forth in Section 1.1031 of the IRS code. Reverse Exchange: A transactional structure where the like-kind replacement property is purchased first, prior to transferring (conveying or selling) the relinquished property to the actual buyer. The Internal Revenue Service provided guidelines (safe harbors) for structuring reverse 1031 exchange transactions, as outlined in Rev. Procedure 2000-37, effective September 15, 2000. Reverse exchanges are struct
