Longhorn 1031
Exchanges
THE AUTHORITY IN 1031 EXCHANGES.
Latest News

What is a 1031 Exchange?
If you own an investment property and are considering selling it, you may have heard the term “1031 exchange”…But what is it? A 1031 exchange

Can You 1031 Exchange Land, Commercial Property, or Other Investment Properties?
A common misconception about 1031 exchanges is that you must exchange one property for another property that looks almost exactly the same. That’s not necessarily

What Is Boot in a 1031 Exchange and How Does It Affect Your Taxes?
The word “boot” can sound a little confusing when you first hear it in connection with a 1031 exchange. Simply put, boot refers to money

What Happens If You Miss the 45-Day Identification Deadline?
One of the biggest things to remember on a 1031 exchange is the 45-day identification deadline. Usually you have 45 calendar days from the date

What Is a Qualified Intermediary and Why Do You Need One?
If you’re doing a 1031 exchange, one of the first people you’ll probably work with is a Qualified Intermediary (QI). But what does a QI

What Is Like-Kind Property in a 1031 Exchange?
One of the most important parts of a 1031 exchange is understanding what “like-kind” actually means. It sounds complicated, but the basic idea is pretty

What Is the 180-Day Rule in a 1031 Exchange?
If you are considering a 1031 exchange, you’ve probably heard of the 180-day rule. This is just the amount of time you have to buy