Visit our library of important 1031 exchange forms. The pros at Equity Advantage have provided everything you need in easily downloadable PDF files.1031 Exchange Guide outlines the basics of Section 1031 likekind exchanges so you can figure out if an exchange is right for you. In India, a taxpayer who sells a residential property is subject to the payment of capital gains taxes just as in the United States. Once a property sale goal is realized, many owners sell the property, pay taxes, and then purchase other real estate, without using a 1031-Exchange.