A 1031 exchange may allow an owner to exchange qualifying investment or business real estate for other qualifying real estate while deferring recognition of some or all taxable gain. The rules and deadlines are strict. A qualified intermediary must generally be involved before the original property sale closes. Eugene Commercial Real Estate assists with the property-related aspects of standard, improvement, reverse, and reverse-improvement exchanges. Tax and legal guidance must come from qualified advisers. For more information, see our 1031 exchange guide.