A 1031 Exchange Account is a tool to defer capital gains tax. Com, or fill out the form and we'll get in touch immediately.Description: This addendum is to be attached to a contract where either party intends to use the property to accomplish a Section 1031 Exchange. Texas 1031 Exchange rules allow investors to defer capital gains on sale of qualified property if exchanged for like-kind property. Get Started On Your 1031 Fill Form Below or Call 941-366-1300. In order to start a 1031 exchange, you need to take a few steps. The most important is you need to hire an exchange agent prior to your first closing. Our Fort Worth real estate lawyer can help investors complete 1031 like-kind exchanges and defer capital gains taxes. Call 817-349-7330 for a free consult. In Texas, as in the rest of the United States, strict time limits apply to 1031 exchanges.