Why should I consider a 1031 exchange?

Are many oil & gas properties exchangeable assets?

What properties qualify for a 1031 exchange?

What does not work for 1031 exchanges in oil & gas?

How long do I have to own my property before I can exchange it?

Can I purchase my replacement property first?

Do I have to re-invest all of my cash?

No, however any cash that is not re-invested in the exchange will be taxable (and commonly referred to as “cash boot”). The rule of thumb is if you do not want to pay any taxes, you will need to re-invest all of your cash, and purchase a property of equal or greater in value.

How long do I have to complete my exchange?

Why choose Petroleum Strategies for your 1031 exchange?


Petroleum Strategies, Inc. does not give tax or legal advice. The information contained herein should not be relied upon as a substitute for tax or legal advice obtained from a competent tax and/or legal advisor.