Computing Gain For Multi-Property 1031 Exchange

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Computing Gain For Multi-Property 1031 Exchange

When one or more like-kind replacement properties are identified and acquired as a part of a 1031 Exchange, taxes can be deferred as with a single-property 1031 Exchange. To calculate excess gain from a 1031 exchange of multiple properties or assets, the following steps must be followed:

The 1031 exchange rules and regulations are applied to each individual 1031 exchange group to determine like-kind replacement properties received and the amount of any excess gain.
An exchange group surplus or an exchange group deficiency must be determined For each tax-deferred exchange group for an exchange group surplus or an exchange group deficiency.
The liabilities assumed as part of the 1031 exchange will be offset by the liabilities relieved of as part of the tax-deferred exchange.
The relinquished properties sold and the like-kind replacement properties acquired should be segregated or sorted into exchange groups.

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