Looking for a 1031 exchange property in Financial District?

Tell our team whether you want rental housing or commercial real estate in Boston’s Financial District. Ask for the leases, owner charges, building responsibilities and condition records for the actual property you are considering.

If you want to consolidate holdings or plan for heirs, share that purpose with your attorney and tax adviser. Review the ownership interests and transaction structure before assuming a change of property achieves the plan.

A qualifying 1031 exchange may defer tax on gain when you exchange business or investment real property for like-kind real property. Property held primarily for sale does not qualify. Your property and transaction must meet the applicable requirements; a listing description does not establish eligibility.

Amo Realty - Boston City Properties can discuss your property-search criteria. Your tax adviser, attorney and qualified intermediary should review eligibility, documentation, exchange funds and the transaction structure. This page is general property-search guidance, not a tax opinion.

For a deferred exchange, replacement property generally must be identified in writing within 45 days after the property you give up is transferred. You must receive the replacement property by the earlier of 180 days after that transfer or the applicable tax-return due date, including extensions. Confirm the dates with your exchange adviser.

Tell our team the dates your adviser has confirmed and the purchase criteria you are investigating. An inquiry does not identify replacement property, transfer exchange funds, reserve a listing or guarantee a closing within your deadline.

Tell us whether you want to investigate single-family rental housing, multifamily rental housing, office real estate, retail real estate, warehouse real estate, storage real estate, hotel or resort real estate or marina real estate in Financial District. These are search criteria to discuss, not a list of current offerings or a statement that every property in a category qualifies.

For rental housing, request the leases, occupancy records, unit information and owner expenses. For commercial real estate, ask about the existing use, lease obligations, condition and exactly which real estate or other interests would be included in the purchase.

For a vacation rental or a property with personal use, ask your tax adviser to review the rental history, fair-market rental terms, owner-use records and intended future use. Do not assume that renting the property for part of the year automatically makes an exchange eligible.

Tell our team whether you want year-round rental use, seasonal rental use or a property you would also occupy. That distinction belongs in the property-search discussion as well as the adviser’s transaction review.

Explain what you want to change about the properties you own. Use property records and written estimates to evaluate the purchase rather than expecting an exchange to guarantee income, appreciation or simpler ownership.

• Consolidation: Which locations would make your properties easier to reach, and what ownership work would remain?
• Changing property types: Which different use would you consider, and do you understand its leases, operating expenses and management responsibilities?
• Management and maintenance: What work do you want to reduce, who would handle it, and what would that service cost?
• Estate planning: Does the proposed ownership fit the plan your attorney and tax adviser have reviewed? An exchange is not itself an estate plan.

If you want to identify or acquire several replacement properties, ask your qualified intermediary which identification rules apply to your plan. A blanket three-property or 200-percent limit is not a complete explanation of the available rules.

Send the Financial District address or listing link if you have one, your intended use, purchase price range and timing. If you are still comparing locations, say which other areas you would consider and what information you need to make the decision.

Use the brokerage inquiry to discuss a property search. It is not an automated feed of tax-qualified properties, an exchange agreement or a rental application.