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The Industry Leader
in 1031 Exchanges

A 1031 exchange is a way to defer capital gains taxes by rolling the equity from the sale of one investment property into the purchase of another. Many clients seeking to increase their returns or reduce their management responsibilities opt for a 1031 exchange to achieve their investing goals.

Marcus & Millichap is the industry leader, executing more tax-deferred exchanges than any other firm, thanks to our vast inventory of exclusive listings and our culture of collaboration and information-sharing.

Know the Basics

Instead of immediately paying capital gains on the sale of a property (the “down leg”), many investors prefer to defer that payment by purchasing a new property (the “up leg”) with the proceeds. This is commonly referred to as a 1031 exchange, in reference to the section of U.S. tax code that defines it. There are specific rules and timelines related to a 1031 exchange, and it is important to have an experienced and knowledgeable specialist handling the process.

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Lay the

Speak with your real estate, financial and tax advisors to understand the timelines and restrictions and enlist a qualified intermediary to facilitate the transaction.

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Sell a

The specialists at Marcus & Millichap have access to the largest pool of qualified buyers in the industry, helping you sell your property quickly and at a good price.

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You have a limited time to make your next transaction, purchasing up to three replacement properties. Marcus & Millichap has the largest inventory of exclusive listings, giving you a range of excellent up leg options.

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As the market leader in 1031 exchanges and in overall transactions, Marcus & Millichap has the experience and expertise to guide you through the closing process successfully and painlessly.

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Your tax advisor must report the exchange on your tax return for the year in which you sold your down leg property.

Is an Exchange Right for You?

While a 1031 exchange is the right decision for many investors, there are many rules and deadlines associated with it, and it’s important to work with experienced specialists. Our highly trained advisors bring years of expertise to every transaction, helping you execute your 1031 exchange flawlessly.

A 1031 Exchange is not an “all or nothing” proposition. A seller of property may choose to pay taxes, find their own real estate and/or use a DST in a combination they choose.

1031 Exchange Calculator

The proceeds from the sale of an investment property are subject to a combination of state and federal capital gains taxes, Medicare tax, as well as the tax on the recapture of depreciation and other fees. This calculator is a guide to estimate your potential capital gains tax obligations and weigh your options for reinvestment. Please consult with your tax and legal advisors prior to entering into an exchange.

Calculate Net Adjusted Basis


Calculate Capital Gain


Calculate Total Gains Taxes Due


Total Estimated Gain Tax Due = $0
Exchange or Pay Your Taxes?

Sell and Execute a 1031 Exchange

Total Tax Liability to be Deferred

- $0

Net Amount to Reinvest


Sell and Pay Your Taxes

Total Taxes if No Exchange

- $0

Net Amount to Reinvest


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