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Kansas 1031 Exchange Rules

Kansas 1031 Exchange rules require a kansas real estate investors to identify potential replacement kansas income real estate within 45 days of the close of escrow and acquire the replacement kansas income real estate (or kansas income real estate ) within 180 days of close of the relinquished kansas income real estate. Furthermore, when choosing a replacement kansas 1031 exchange kansas income real estate for the kansas 1031 exchange, the kansas real estate investor must follow one of the following kansas 1031 exchange rules:

  • The Three-Kansas Income Real Estate Rule - Any three kansas income real estate regardless of their market values may be identified by the exchanger as potential replacement kansas income real estate for the like kind exchange, however no more than 3 kansas income real estate may qualify.

  • The 200% Rule - Stipulates that the aggregate value of all replacement kansas income real estate in the exchange must not exceed 200% of the value of the relinquished kansas income real estate at the time of sale.

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

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