Wisconsin 1031 Exchange Rules


Wisconsin 1031 Exchange Rules

IRS IRS 1031 tax code stipulates that exchangers must identify potential replacement wisconsin properties withing 45 days of the close of escrow and acquire said wisconsin property (or wisconsin properties ) withing 180 days of the closing of the relinquished wisconsin property. Furthermore, wisconsin real estate investors must comply with one of the following rules:

  • The Three-Wisconsin Property Rule - Seller must identify up to a total of three potential replacement wisconsin properties within the Acquisition Period.

  • The 200% Rule - Stipulates that the aggregate value of all replacement wisconsin properties in the exchange must not exceed 200% of the value of the relinquished wisconsin property at the time of sale.

  • The 95% Exception - Finally, the 95% rule stipulates that the aggregate value of all like kind replacement wisconsin properties must account for at least 95% of the value of the relinquished wisconsin property at the time of sale in order for the exchange to qualify. This rule applies only if rules 1 and 2 are invalid.

    Contact us for a free consultation with a wisconsin 1031 broker.

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