If you are considering a Section 1031 Exchange or just want to find out more about how an exchange works, this is a good place to start learning. Start your 1031 Reverse Exchange here.Please provide us with as much information as possible. Description: This addendum is to be attached to a contract where either party intends to use the property to accomplish a Section 1031 Exchange. Once a 1031 Exchange has begun it needs to identify at least one replacement property within 45 days after relinquished property has closed. Texas 1031 Exchange rules allow investors to defer capital gains on sale of qualified property if exchanged for like-kind property. But in a likekind exchange, gain or loss on the sale of relinquished property is deferred until the replacement property is sold. Once we receive these documents, we can execute the UTB 1031 Exchange Agreement. The proposed regulations would limit the application of the likekind exchange rules under section 1031 to exchanges of real property.