1031 Exchange Services
Buchanan 1031 Exchange, LLC facilitates 1031 exchanges in Pennsylvania through Exchange Manager ProSM, patented 1031 exchange workflow technology supported by one of the nation’s leading Qualified Intermediaries. Our clients can now take advantage of a highly competent and qualified 1031 exchange intermediary in Pennsylvania without the hassle of searching for one in the marketplace.
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📞 Contact Us Today to learn more about our 1031 exchange services in Pennsylvania.
What is a 1031 Exchange?
What Is a 1031 Exchange? ​
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A 1031 real estate exchange in Pennsylvania, also known as a like-kind exchange in Pennsylvania, is a tax-deferral tool that allows the seller of qualifying real property to defer taxes on an exchange transaction. This includes state and federal capital gains, depreciation recapture, and net investment income tax—provided that the value of the property sold is reinvested in other qualifying real property.
This 1031 tax-deferred exchange in Pennsylvania can be used for both residential and commercial 1031 exchanges. Multiple requirements must be satisfied for a valid 1031 exchange process in Pennsylvania, which is why partnering with experienced 1031 exchange experts in Pennsylvania is essential.
Benefits of Buchanan 1031 Exchange, LLC
As a trusted Pennsylvania 1031 exchange company, we provide:
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In-House Coordination – We help coordinate the 1031 property exchange in Waynesboro and Chambersburg, reducing friction and increasing efficiencies.
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Software Workflow – Our patented Exchange Manager ProSM keeps clients and advisors informed of transaction timelines, funds available, and other details throughout the real estate 1031 exchange in Pennsylvania.
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1031 Exchange Expertise – Buchanan 1031 Exchange, LLC gives clients access to attorneys with subject matter expertise and seasoned Certified Exchange Specialists® (CES®).
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Security of Funds – Have confidence in the security of your funds with insurance coverage levels rarely found outside the largest exchange facilitators in the industry, including: $50 million Fidelity Bond, $25 million Errors & Omissions, and $20 million Cyber Liability.
What Is the Role of a Qualified Intermediary?
Using a 1031 exchange qualified intermediary in Pennsylvania is required to ensure compliance with IRS rules for a valid exchange. The QI’s role includes:
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Acquiring relinquished property from the exchanger and transferring it to the buyer
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Ensuring the exchanger does not directly receive funds from the property sale (avoiding disqualification)
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Acquiring replacement property from the seller and transferring it to the exchanger
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Preparing all related documentation for the 1031 exchange process in Pennsylvania
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Monitoring deadlines and advising on required actions to complete the capital gains tax deferral real estate PA strategy successfull
Why Choose Buchanan for Your 1031 Exchange?
As a trusted Pennsylvania 1031 exchange company, we provide:
With offices in Waynesboro and Chambersburg, our team offers local knowledge, personalized service, and access to secure national-level resources. Whether you need a real estate 1031 exchange in Waynesboro PA, a real estate 1031 exchange in Chambersburg PA, or statewide support, we help investors complete Pennsylvania investment property exchanges with confidence.
📞 Contact Buchanan Settlement Services today to start your 1031 exchange in Pennsylvania and protect your investment with trusted, local expertise.
1031 Exchange Basic FAQs
As a trusted Pennsylvania 1031 exchange company, we provide:
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45 Days - You have 45 days after the sale of your relinquished property to identify your replacement property(ies). Identification of replacement properties must be unambiguous, using a legal description or physical address. It must be in writing, dated, signed, and received by your QI within the 45 days. The 45-day requirement is strictly enforced with no option for extension.
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180 Days - You have 180 days after the sale of your relinquished property to purchase your replacement property(ies). The 180-day requirement is strictly enforced with no option for extension. Additionally your replacement period could be shorter if your tax return due date is prior to the expiration of the 180 days, if that is the case, you will want to file an extension on your tax filing.
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ID Rules - The IRS provides three rules in which you can identify your replacement property(ies). The most common being the 3-property rule, simply put, you can identify three properties. The 200% rule allows you to identify more than three properties so long as the fair market value of all properties does not exceed 200% of the sales price of your relinquished property. Lastly, the 95% rule states that should you over identify the first two rules, then you have to purchase 95% in value of what was identified.
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Like-Kind - For a 1031 exchange to be valid, your properties must be like-kind. As it pertains to real estate, all real estate is like-kind to other real estate. Some examples would include: an apartment complex exchanged for a cell tower easement; an office building for fam land: or a rental home for water rights. Generally speaking, the only real estate that does not qualify under a 1031 exchange is a vacation home and personal primary residency.
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ID Rules to Purchase - You have the option to purchase one or all of the properties you identified, you are not required to purchase all identified properties. Identifying more than one property just provides you with more options to ensure you have a replacement property within the 180-day exchange period. Additionally, you need to state how many properties you plan to purchase.
Get Started with Buchanan Settlement Services
📧 Email: nathan@buchanansettlements.com
📞 Call: 717-762-1415
Contact us now to start your 1031 Exchange in Pennsylvania.
*1031 exchange services are provided by a qualified intermediary that is wholly owned subsidiary of Accruit LLC, an Inspira Financial solution. The provider of these materials is not an agent or employee of, nor otherwise affiliated with, the qualified intermediary. The above coverages and processes are available through Accruit, LLC acting as the qualified intermediary.