Wyoming 1031 Exchange Requirements

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Wyoming 1031 Exchange Requirement

All wyoming 1031 exchanges, including wyoming tic exchanges, must adhere to the following requirements:

  • The total money reinvested into the like kind wyoming property must equal or be greater than the value of the relinquished wyoming property. In other words, 100% of the assets from the sale of the first wyoming property must be rolled into the second investment.

  • The amount of equity ( wyoming property value minus loan amt. ) of the acquired wyoming property must be equal to or greater than that of the wyoming property being sold.

  • Third, each wyoming real estate investor must use a Qualified Intermediary (QI) to oversee the transaction. A QI is a qualified individual that prepares the paperwork, holds all proceeds from the transaction, and provides any technical advise on the exchange process.

  • Finally, all wyoming 1031 exchanges require the exchange of like kind wyoming property for other like kind property. A definition of such may be found in IRS 1031 tax code.

    For more information on wyoming 1031 exchanges or wyoming tic exchanges, or to be put in contact with a licensed wyoming 1031 broker, contact us today!


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