Experienced Queens 1031 Exchange Attorneys are highly focused on 1031 exchange of real estate law. Section 1031 property exchanges make it possible for real estate investors to sell one property and reinvest the proceeds in a new property.New York 1031 Exchange rules allow investors to defer capital gains on the sale of qualified property if exchanged for like-kind property. The tax law governing 1031 exchanges can be complex. Ask a New York City real estate attorney about 1031 exchanges at (212) 518-8380. Step 1: While contemplating the sale of an investment property, contact 1031 Pros. Learn the 12 essential steps for a successful 1031 exchange, from choosing a qualified intermediary to closing on replacement property. Get Started On Your 1031 Fill Form Below or Call 941-366-1300. You must report the exchange to the IRS on Form 8824. With your final statement, we will send our workbook explaining how to fill out your Form 8824 properly.