Providing Georgia investors with 1031 Exchange replacement properties guidance, FAQ, rules and 1031 Exchange listings. How do I report a 1031 exchange to the IRS?IRS Form 8824 is a 2-page form that must be submitted in the year that you sold your old property. 180-day Acquisition Period. You have 180 days or the filing date of your tax return, whichever comes first, to acquire your replacement property. Navigate Georgia 1031 exchange rules for real estate investors to maximize your tax benefits. Prepare the 1031 exchange agreement, including assignments, notices, and all forms necessary to complete the exchange. 1031 Exchange Guide outlines the basics of Section 1031 likekind exchanges so you can figure out if an exchange is right for you. Property held for productive use in a trade or business or for investment qualifies for a 1031 Exchange. After completing a 1031 exchange, you must report the transaction to the IRS using Form 8824 to maintain the transaction's taxdeferred status.