A Section 1031 exchange can defer gain on qualifying investment or business real estate, but the transaction must satisfy strict federal rules. Learn how the 45 day identification deadline, 180 day exchange period, qualified intermediary rules, boot, debt replacement, basis, related parties, vacation property, reverse exchanges, and depreciation interact.

Moving out of California does not end California tax exposure on real estate you still own in the state. This guide explains California source gain, Form 593 withholding, former residences converted to rentals, installment sales, Section 1031 exchanges, and what nonresident sellers should review before escrow closes.