Oklahoma 1031 Exchange Requirements

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Oklahoma 1031 Exchange Requirement

The four requirements for all oklahoma 1031 exchanges include:

  • The exchanger must reinvest 100% of the monies earned by the sale of the relinquished oklahoma commercial real estate into the replacement oklahoma commercial real estate or oklahoma commercial real estate.

  • The amount of equity ( oklahoma commercial real estate value minus loan amount) held in any replacement oklahoma commercial real estate must equal or exceed that held in any oklahoma commercial real estate relinquished during the exchange.

  • Third Oklahoma 1031 Exchange Requirement: The third requirement of Section oklahoma 1031 exchanges is that you must use a Qualified Intermediary (QI). The QI prepares the exchange documents, holds the cash proceeds from the sale, and should answer any questions you may have during the exchange.

  • Fourth Oklahoma 1031 Exchange Requirement: Both relinquished and replacement oklahoma commercial real estate must be held for productive use in a trade or business or held for investment and oklahoma commercial real estate must be like-kind. Like-kind refers to the nature of the oklahoma commercial real estate. The IRS definition of Like-Kind is any oklahoma commercial real estate held for productive use in a trade or business or held for investment purposes.

    In order to complete your next oklahoma 1031 exchange or TIC exchange, contact us today. We can put you in contact with a specialized oklahoma 1031 realtor at no cost to you.


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