📚 IRS Section 1031 Like-Kind Exchange Rules (45-Day / 180-Day) & 30% Federal Solar ITC Guide
Under Internal Revenue Code Section 1031, real estate investors selling appreciated commercial or rental property can defer 100% of federal capital gains tax (up to 20%), the 3.8% Net Investment Income Tax (NIIT), state capital gains tax, and the 25% Section 1250 depreciation recapture tax by identifying replacement property within 45 calendar days and closing within 180 days through a Qualified Intermediary (QI) or Delaware Statutory Trust (DST).