Looking for a 1031 exchange property in Norton?

If you are comparing Norton rental housing, land or commercial real estate, describe the proposed use of each. Request the permitted use and records appropriate to the exact property.

Ask your adviser to review any excluded property or ownership interests involved. A broad like-kind example is not proof that every part of a proposed purchase qualifies.

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, apartment buildings, office real estate or land in Norton. 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.

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.

• Repairs and improvements: What work would be needed, what would it cost, and how would you pay for it?

Send the Norton 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.