an exchange wherein the replacement property is

an exchange where you buy the replacement property first and then sell the relinquished property

a transaction in which the Replacement Property is acquired before the Relinquished Property is sold

An exchange where the Exchange acquires or gains control of the Replacement Property before disposing of the Relinquished Property. Simultaneous Exchange: Also referred to as a concurrent exchange. A simultaneous exchange is an exchange transaction where the Exchanger transfers out of the Relinquished Property and Receives the Replacement Property at the same time.

A tax-deferred, like-kind exchange transaction whereby the replacement property is acquired first and the disposition of the relinquished property occurs at a later date. Reverse/Improvement Exchange: The EAT can make improvements to the replacement property before transferring it to the taxpayer as part of a Reverse Exchange. [Back to Top of 1031 Exchange Glossary