Your Replacement Building in a 1031 Exchange Does Not Automatically Get Purchase-Price Basis
Deferred gain affects the opening tax basis and the depreciation history of replacement premises.
TOPIC COLLECTION
Property exchanges
A focused reading path from Owner Occupied. Start with the question closest to your situation, then review the linked sources and documentation steps.
Taking Cash Out of a 1031 Exchange: Calculate Recognized Gain Before Spending It
Receiving some cash can produce a partly taxable exchange without necessarily making every dollar of gain current.
Less Debt on the Replacement Building Can Create Exchange Gain Without a Cash Check
Net liability relief belongs in the 1031 calculation even when every dollar of sale equity is reinvested.
Exchanging Business Premises With Family: Monitor Both Owners for Two Years
A later related-party disposition can trigger recognition of gain deferred in the original exchange.
Furniture in a 1031 Exchange: The Fifteen-Percent Rule Does Not Make It Real Property
Incidental personal property can receive limited procedural treatment while remaining outside real-property nonrecognition.
Buying the Replacement Building First: A Reverse Exchange Needs an Ownership Plan
The accommodation arrangement and financing must be established before treating an early purchase as a 1031 exchange.