A trusted partner in more than 100 million dollars in transactions in 2023
Our Team is Here to Help!
Our Team is Ready for Your Next 1031 Exchange - Are You?
Get Started by Email
Shoot us an email and one of our 1031 exchange experts will follow up with next steps.
Contact an Expert
Fill out our brief form (it only takes a minute), and we’ll match you with one of our 1031 exchange experts.
Everything You Need to Know About 1031 Exchanges
The Leader1031 Difference
As a subsidiary of Leader Bank, Leader1031 offers real estate investors looking to take advantage of the tax-deferred advantages of a 1031 exchange the added security of a financial institution. Plus, as a Federation of Exchange Accommodators (FEA) approved Qualified Intermediary service, investors working with Leader1031 on a 1031 exchange can sleep easy knowing their funds are secure throughout their transaction.
1031 Exchange Process
Once an investor sells a property, they have 45 days to identify a like-kind property (or properties) of equal or greater value plus an additional 135 days (if needed) to close on any identified property (or properties). This means that investors must acquire the new property and complete the exchange within 180 days (45+135=180) of closing on the relinquished property in a 1031 exchange.
1031 Requirements
To qualify for a 1031 exchange, taxpayers must work with a QI (like Leader1031) to structure the transaction as an exchange and not a standard sale. A QI must also be involved prior to closing of the sold property to create an exchange agreement with the taxpayer and obtain other documentation. Real estate investors must identify any replacement property in writing in a timely manner and their QI must hold the proceeds and apply them only toward the acquisition of replacement property.
1031 Exchange Calculator
This 1031 Exchange calculator will estimate the taxable impact of your proposed sale and purchase. To pay no tax when executing a 1031 Exchange, you must purchase at least as much as you sell (Net Sale) AND you must use all of the cash received (Net Cash Received). If you take cash out and/or you purchase less than you sell, it is considered recognized gain and will be taxed. By changing any value in the following form fields, calculated values are immediately provided for displayed output values.
1031 Exchange Timeline Calculator
A 1031 Exchange requires meeting very strict deadlines for successful completion. Use this calculator to help you determine the deadlines for the 45-Day Identification Period and the 180-Day Exchange Period based on the closing date you provide for the relinquished property.
Investment Property Calculator
An investment property can be an excellent investment. This calculator is designed to examine the potential return you might receive from an investment property.
1031 Exchange Resources
Dive into our educational blogs to learn more about the ins and outs of 1031 exchanges and stay up to date on industry trends.
We've collected some of the most common questions we get about 1031 exchanges as well as some of the common misconceptions about the exchange process.
Check out interviews with our expert team members to learn more about the latest developments in the 1031 exchange landscape.
Frequently Asked Questions
About Us
Leader1031*, a subsidiary of Leader Bank, is proud to provide relationship Qualified Intermediary services with a world-class client service experience across all 50 states. Our team has decades of combined industry experience helping real estate investors use the tax-deferred advantages of Section 1031 exchanges to sell and purchase commercial properties, residential properties, and rental properties. And with the added security of a financial institution, you’ll always know where your funds are being held.
*Leader1031.com, LLC ("Leader1031") is a wholly owned subsidiary of Leader Bank, N.A. This website is provided as general information only and should not be taken as legal, investment or other professional advice. This content of this publication shall not be construed as a recommendation to participate in any particular trading, financial or investment strategy, and neither Leader Bank, NA nor Leader1031.com, LLC can provide legal or tax advice concerning the specific tax consequences of a given transaction. Any action that you take as a result of information or opinions provided in this publication is ultimately your responsibility. Consult your attorney or tax professional before making any investment or financial decisions.
