The 721 Exchange: Your Essential Backup Plan When 1031 Exchanges Go Wrong

Real estate investor Michael Chen learned a $300,000 lesson the hard way. With just 12 days left on his 180-day 1031 exchange deadline, his replacement property deal collapsed when the seller couldn’t clear a title issue. Michael scrambled to find alternatives but came up empty-handed. His failed exchange triggered immediate capital gains taxes that wiped […]