1031 Exchanges And Capital Gains Planning In Utah

We Help Strategize Your Sales

Selling property in Logan, Ogden, or Salt Lake City doesn’t have to mean an immediate tax bill. Gibbons & Associates provides 1031 exchange guidance and capital gains planning real estate owners rely on—from timeline mapping to clean year-end reporting.

When A 1031 Makes Sense

Deferring gain can help you reposition your portfolio, improve cash flow, or consolidate properties. We map the 45-day identification and 180-day closing windows before you list so your plan is realistic.

Rules You Must Get Right

  • Like-kind property and qualified use: We confirm eligibility and proper title holding.
  • Basis carryover, boot, and debt replacement: We calculate adjusted basis, identify potential boot, and match liabilities to avoid unexpected gain.
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Deal Coordination

We work closely with your Qualified Intermediary (QI) and attorney to ensure your exchange process runs smoothly from start to finish.

Accurate Gain Reporting

Our team calculates your gain and integrates IRS Form 8824 reporting directly into your year-end tax return for seamless compliance.

Multi-State Guidance

When your exchange crosses state lines, we help you navigate complex tax rules to minimize risk and keep your transaction compliant.

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FAQs

  • Can I exchange from residential to commercial?

    Prior year returns, financial statements, QuickBooks files, and asset purchase details are a good start.

  • What if I miss the 45-day identification window?

    The rules are strict. Planning early protects your deferral.

  • Do improvements count for exchange?

    Improvement exchanges are possible with careful structuring.