1031 exchange

You sold a property and paid off a mortgage. Here is what you have to replace to keep the tax deferred — and what it costs if you come up short.

What you sold

Sale price

Broker, legal and transfer costs

Mortgage paid off at closing

Closing date — for your deadlines

What you are buying optional

Purchase price

New mortgage

To price the damage optional

Your basis in what you sold — what the property tool gives you

Depreciation taken over the years

Put in what you sold for and the answer appears here.

An estimate, not tax advice. Assumes a straightforward deferred exchange of investment property between unrelated parties, and ignores state tax and the net investment income tax. Bring us the contract before you close.