The primary 1031 exchange rules and
requirements include: 1)
same taxpayer: the taxpayer who sells is the taxpayer who buys, 2) property
identification within 45 calendar days post closing of the first property, 3) purchase of the replacement property within 180 calendar days, 4) trading up: the price of the replacement property is equal to or greater than the old or relinquished property, 5) hold time supports the intent to hold for investment, and 6) related party transaction regulations.