A Louisiana Investor’s Quick Guide to the 1031 Exchange

Why it matters

Deferring capital-gains and depreciation-recapture tax keeps more capital working in your next property.

The two clocks

You have 45 days from closing to identify replacement properties in writing, and 180 days to close. Miss either and the tax is due.

Common traps

Using the proceeds for personal purposes, buying from a related party, or trading down in value. Engage a qualified intermediary before you close — not after.