Sell an LA building and 1031 into Austin-area income property

The property’s investment use matters more than the state line.

A qualifying exchange can involve US business or investment real estate in different states. It is not automatic tax forgiveness. I ask your tax advisor to confirm the ownership, intended use, liabilities, and any cash received before you commit to a sale or replacement property.

The identification and completion clocks start at the transfer.

In a deferred exchange, the IRS generally requires identification within 45 days. Receipt must occur by the earlier of 180 days after transfer or the tax-return due date, including extensions. Your qualified intermediary and tax advisor should establish the precise deadlines and handling of proceeds before closing.

I compare replacement property on its own income and costs.

An Austin-area building is not a better investment just because it is in Texas. I compare documented income, operating costs, taxes, insurance, maintenance, financing, and management arrangements. I do not promise higher returns or a particular tax outcome.

I coordinate the LA sale remotely from Austin.

Most of my sales are handled by phone, email, and local partners through Loom Realty. I help organize the sale and replacement-property evaluation. Any Texas brokerage representation must be arranged through appropriately licensed professionals; my California DRE license is not a Texas brokerage license.

Confirm the replacement-property team before engagement.

TODO: document the Austin licensed brokerage partner, scope of services, and compensation arrangements before offering Texas brokerage representation.

Official sources for this guide

• IRS: like-kind exchanges, real estate tax tips ↗
• IRS Publication 544: exchange requirements and deadlines ↗

I use these sources for general context. Your attorney, tax advisor, lender, and escrow officer should confirm the rules and facts that apply to your transaction.