Fill out the form below to learn more about JTC's Qualified Intermediary services and download our 1031 Exchange Fact Sheet! Visit our library of important 1031 exchange forms.The pros at Equity Advantage have provided everything you need in easily downloadable PDF files. A 1031 exchange is a real estate selling tax break. How do you report Section 1031 Like-Kind Exchanges to the IRS? A 1031 exchange is a specifically structured real estate transaction having to do with the sale and purchase of investment real estate. A 1031 exchange is a tax-deferred exchange that allows you to defer capital gains taxes as long as you are purchasing another "like-kind" property. Thank you for contacting IPX1031. We look forward to working with you. Complete Schedule D (Form 1040), Capital Gains and Losses.