Land Replacement Identification
Raw land and development parcels for 1031 exchange replacement
Land replacement identification services help investors locate raw land and development parcels that qualify for 1031 exchange replacement. We provide nationwide search capabilities focused on undeveloped land, development sites, and land parcels suitable for future development or investment holding. Our Columbus, OH team understands the specific requirements of land exchanges, including zoning verification, environmental due diligence, and development potential analysis. We coordinate identification within the 45-day window and ensure closing timelines meet the 180-day requirement. Our process integrates with Qualified Intermediary coordination and qualified escrow requirements to ensure all identified land parcels meet IRS like-kind standards for real property held for investment.
What's Included
- Nationwide land property database search
- Zoning and permitted use verification
- Environmental assessment coordination
- Access and utility availability review
- Title and survey coordination
- Development potential analysis
- Market comparables for land values
- Identification letter preparation
- Qualified Intermediary coordination
- Closing deadline tracking
Common Situations
Investor selling a commercial building in Columbus, OH seeks to identify raw land for future development
Portfolio owner disposing of developed properties wants to transition to land holdings
Developer completing a property sale needs to identify development parcels for future projects
Frequently Asked Questions
What land properties qualify for 1031 exchange replacement in Columbus, OH?
Land properties in Columbus, OH and nationwide qualify for 1031 exchange replacement if they are held for investment or productive use in a trade or business. This includes raw land, development parcels, agricultural land, and other undeveloped real property. The land must be like-kind to the relinquished property, meaning both must be real property held for investment purposes. Personal use land does not qualify for 1031 exchange treatment.
How is boot calculated in a land exchange transaction in Columbus, OH?
Boot in a land exchange in Columbus, OH is calculated as non-like-kind value received minus non-like-kind value given up. Common boot sources include cash received, debt relief exceeding replacement property debt, and personal property or improvements included in the transaction. We help structure exchanges to minimize boot exposure while maintaining compliance with IRS regulations for land transactions.
What due diligence is required for land replacement properties in Columbus, OH?
Due diligence for land replacement properties in Columbus, OH should include zoning verification and permitted uses, environmental assessment and Phase I review, access and utility availability, title review and survey, development potential analysis, and market comparables for land values. We coordinate these reviews within exchange timelines to ensure comprehensive property evaluation.
Can I exchange developed property for raw land in Columbus, OH?
Yes, developed properties can be exchanged for raw land in Columbus, OH as long as both properties are held for investment and meet like-kind requirements. The exchange defers capital gains tax on the transaction, allowing investors to transition from developed to undeveloped property while maintaining tax benefits. Both properties must be real property held for investment purposes.
Example Engagement
Example of the type of engagement we can handle
Client Situation:
Investor selling a commercial property in Columbus, OH seeks to identify raw land parcels with development potential and proper zoning
Our Approach:
We searched nationwide land properties, verified zoning and permitted uses, coordinated environmental assessments, reviewed access and utility availability, and prepared identification documentation
Expected Outcome:
Client identified qualifying land parcels with verified development potential, with all due diligence completed within the 45-day identification deadline
Educational content only. Not tax, legal, or investment advice. Not tax, legal, or investment advice. Consult a qualified intermediary and tax advisor before making decisions.
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