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Idaho 1031 Exchange Rules


Idaho 1031 Exchange Rules

Idaho 1031 Exchanges require an acquisition period of 180 days, during which the idaho real estate investor must identify potential properties for the exchange (within 45 days) and acquire said idaho income real estate or idaho income real estate. The acquisition period begins at the close of escrow on the relinquished idaho income real estate. Furthermore, all idaho 1031 exchanges must adhere to one of the following rules:

  • The Three-Idaho Income Real Estate Rule states that the exchanger must identify up to, but no more than three potential idaho income real estate during the acquisition period.

  • The Two Hundred Percent Rule - Stipulates that, if three or more replacement idaho income real estate are used in the exchange, their aggregate value must not exceed 200% of the value of the idaho income real estate that is being relinquished.

  • The Ninety-five Percent Exception - Finally, if circumstances are such that rules 1 and 2 do not apply, the aggregate value of the like kind replacement idaho income real estate must account for at least 95% of the value of the relinquished idaho income real estate at the time of sale in order for the exchange to qualify.

    To find out more, contact us and we will put you in touch with an idaho 1031 advisor in your area.




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