Forward Exchange Planning
Forward exchange planning service helps Chicago, IL investors structure compliant like kind exchanges by selling relinquished property first, then identifying and acquiring replacement properties within the required deadlines. This service provides strategic guidance for investors who need to coordinate the sale of their current property with the identification and purchase of replacement properties to defer capital gains taxes.
Our team works with Chicago, IL investors to understand their exchange objectives, property timelines, and replacement property preferences. We coordinate with Qualified Intermediaries to establish exchange accounts and work with qualified escrow agents to ensure proper fund handling. The service includes deadline monitoring for the forty five day identification deadline and the one hundred eighty day acquisition deadline to ensure all transactions remain compliant.
Forward exchange planning is ideal for Chicago, IL investors who have identified a buyer for their relinquished property and need support structuring the exchange, identifying replacement properties, and coordinating the entire process. We help investors understand the timing requirements, identification rules, and documentation needs to maintain exchange compliance throughout the transaction.
What We Include
- •Strategic forward exchange structure planning
- •Coordination with Qualified Intermediary for exchange account setup
- •Replacement property identification support
- •Deadline monitoring for forty five day and one hundred eighty day milestones
- •Qualified escrow coordination for fund handling
- •Identification letter preparation and delivery
- •Exchange documentation support
- •Stakeholder coordination and updates
Common Situations
Chicago, IL investor selling property and needs to structure forward exchange with replacement property identification within forty five days
Investor with buyer identified for relinquished property and needs forward exchange planning to coordinate entire process
Investor approaching sale closing and needs immediate forward exchange planning to ensure compliance with all timing requirements
Example of the type of engagement we can handle
Service Type
Forward Exchange Planning
Scope
Structure forward exchange from sale of Chicago property to acquisition of replacement properties nationwide within forty five day identification and one hundred eighty day closing deadlines
Client Situation
Investor selling Chicago multifamily property with closing in thirty days, needs forward exchange planning to identify and acquire industrial replacement properties
Our Approach
Coordinate with Qualified Intermediary for exchange account setup, begin replacement property identification immediately, structure identification letters, monitor all deadlines, coordinate with qualified escrow agents
Expected Outcome
Compliant forward exchange structure with replacement properties identified before forty five day deadline and acquired within one hundred eighty day window, all documentation properly coordinated
Educational content only. Not tax, legal, or investment advice.
Related Services
Reverse Exchange Planning
Coordinate parking arrangements, financing, and holding entities when you must acquire before selling.
Learn moreTimeline Management
Maintain daily awareness of the 45 and 180 day milestones with automated reminders and stakeholder updates.
Learn moreQualified Intermediary Coordination
Introduce experienced QIs, review exchange agreements, and align wiring instructions for each closing stage.
Learn moreFrequently Asked Questions
What identification rules apply to forward exchange planning for Chicago, IL investors?
How does boot affect Chicago, IL investors in forward exchanges?
What happens if Chicago, IL investors cannot identify replacement properties within forty five days in a forward exchange?
How does forward exchange planning help Chicago, IL investors coordinate with Qualified Intermediaries?
Can Chicago, IL investors use forward exchange planning for properties in different states?
What is the one hundred eighty day deadline for Chicago, IL investors in forward exchanges?
Ready to Get Started?
Contact our team to discuss how Forward Exchange Planning can support your 1031 exchange in Chicago, IL. We'll help you navigate the 45-day identification deadline and 180-day closing requirement.