A 1031 property exchange allows individuals the opportunity to buy and sell property while deferring capital gains tax consequences. By filling out the proper paperwork, you can pursue your exchange without having money withheld while you're trying to complete your exchange.Visit our library of important 1031 exchange forms. The pros at Equity Advantage have provided everything you need in easily downloadable PDF files. Learn what it takes to do a 1031 exchange in California and how you can cleverly leverage it to defer capital gains tax and build wealth.