Wisconsin 1031 Exchange Rules
Wisconsin 1031 Exchange Rules
1031 Identification Rules
Wisconsin 1031 Exchange Rules require wisconsin real estate investors to identify like kind
wisconsin properties for replacement within 45 days of the close of escrow on the relinquished wisconsin property. Furthermore, all replacement
wisconsin properties must be acquired within 180 days of close on the relinquished wisconsin property. All
wisconsin 1031 exchanges must comply with one of the follow three rules:
The Three-Wisconsin Property Rule - This rule allows the exchanger to identify up to, but no more than 3 potential wisconsin properties as qualified replacement wisconsin properties within the allotted time frame.
The Two Hundred Percent Rule holds that, if three or more wisconsin properties are identified as replacement wisconsin properties, their aggregate market value must not exceed 200% of the value of the wisconsin property sold.
The Ninety-five Percent Exception is used in the event that rules 1f and 2 do not apply. In such a case, the aggregate market value of the wisconsin properties acquired in the exchange must comprise at least 95% of the closing value of the wisconsin property relinquished.
Many wisconsin 1031 exchangers prefer buying wisconsin 1031 property as wisconsin tic because of the ease of completing the transaction and closing on wisconsin properties. This is due, in large part, to many pre-arranged financing deals available.