Sales Hub · Green · Relinquished Property Sale
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These are real persisted records — the database is the source of truth
Every field below saves to Supabase, not local state. Key fields flow downstream: sale close date → starts the 45/180-day clocks → ID Hub deadlines. Sale price & net proceeds → qualified-escrow amount → Disbursement Hub + IRS Form 8824. Exchanger & buyer identity → Exchange Agreement + W-9.
Sales Hub
Record your relinquished property sale — this starts your 1031 exchange clock.
Completing this hub tells your Qualified Intermediary (Open1031) the exact property, price, and closing date — so your 45-day identification window and 180-day purchase window both start correctly. You will also sign your Exchange Agreement here, which is the legal document that makes this a valid 1031 exchange.
Forward exchange
Most commonSell your relinquished property first, then identify and buy your replacement within the IRS windows.
Reverse exchange
Buy first, then sell the relinquished property. Typically uses an EAT (Exchange Accommodation Titleholder) to “park” title while you complete the required steps.
Construction Exchange
Build or renovate during the exchange window. Typically uses an EAT (parking entity) so completed improvements can count toward value.
Improvement Exchange
Improve the replacement property before the deadline; a parking structure (often an EAT) may be used so added value is counted.
These four types mirror the live wizard. Selecting Reverse, Construction, or Improvement reveals the conditional question set below.
Reverse & Improvement exchanges — what to confirm
Reverse: you understand an Exchange Accommodation Titleholder (EAT) will hold (park) the replacement property under a QEAA until your relinquished property sells. Improvement / Construction: you understand all improvements must be completed and the added value in place before the 180-day deadline — value added after Day 180 does not count toward your exchange. Conditional — appears only for Reverse or Improvement/Construction selections
456 Sunset Blvd
Los Angeles, CA 90028
Seeded from your account — edit below if incorrect
How your exchange clock works
The moment title transfers at closing, two IRS clocks start simultaneously: 45 days to identify replacement properties (what you'll buy) and 180 days to close on them. Your QI holds your proceeds in a qualified escrow during this period — you never touch the funds, which is what makes this a valid tax-deferred exchange. IRS §1031(a)(3)
Sign & Submit is locked until your sale closes
This is a Forward exchange and your sale status is Under contract. Available once your sale closes — your 1031 clock starts at closing. You can complete Sale Details and prepare your parties now, but the W-9 + Exchange Agreement signature step and hub completion stay gated until Property Sale Status = Sold. Treas. Reg. §1.1031(k)-1
Review the sale details above and confirm to proceed to document upload.
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Sales Hub
Record your relinquished property sale — this starts your 1031 exchange clock.
Upload your ALTA settlement statement (the document your title company gives you at closing — sometimes called a HUD-1 or Closing Disclosure). Neela will extract the final sale price, net proceeds, and prorations in seconds, and flag any discrepancy from the number you entered. Upload is recommended but not required — you can skip and use the seeded price.
Your seeded sale price: $850,000
Upload your settlement statement to verify this amount. Neela will override this number if the final closing figures differ. Recommended — takes 30 seconds.
ALTA / HUD-1 Settlement Statement
RecommendedThe standard document your title company produces at closing. Includes final sale price, prorations, credits, and net proceeds to seller.
Closing Disclosure (CD)
CFPB-required form for residential transactions financed with a mortgage. Equivalent to an ALTA for loan-based closings.
Purchase and Sale Agreement
Use if the final settlement statement is not yet available. Neela will note that proceeds are estimated pending final settlement.
Not sure which you have? ALTA / HUD-1 is the standard — it covers most closings. Your title company will have emailed it to you.
Upload Settlement Statement
Recommended · not requiredContinue using the seeded price of $850,000 — no statement needed to proceed.
Upload or skip settlement to enable this confirmation.
Sales Hub
Record your relinquished property sale — this starts your 1031 exchange clock.
The IRS requires your Exchange Agreement to identify both the exchanger (you, as the taxpayer) and the buyer of your relinquished property. Open1031 pre-fills your details from your account. Confirm the buyer information from your purchase contract or ask your title company.
Confirm these are correct — tap any field below to correct it. You only need to type if something's wrong.
Individual
SelectedPer-type fields: legal name, SSN, DOB, address, vesting → Persona IDV.
Married couple / joint
Both spouses, vesting (community property / JTWROS), each spouse's KYC.
Tenants-in-common (TIC)
Each TIC member as a party + ownership %; each may run their own exchange.
LLC (single / multi-member)
Entity legal name, EIN, formation state, authorized signatory, beneficial owners (UBO) → KYB.
Partnership / LP
Entity name, EIN, state, general partner / signatory, UBOs.
S-corp / C-corp
Entity name, EIN, state, authorized officer, UBOs.
Trust (revocable / irrevocable / land)
Trust name, trustee(s), tax ID (EIN or grantor SSN), trust type, trust agreement doc.
Entity types route to KYB (Middesk) incl. the reverse EAT SPE LLC; individuals route to Persona IDV.
Exchanger details are locked by the QI after exchange initiation. Contact Open1031 to correct any errors.
More options — add a co-owner, or change your tax classification
Carol Belcher Co-exchanger
carol.belcher@example.com · 50% beneficial interest
Each invited exchanger completes their own KYC/KYB, e-signatures, and confirmations. Ownership % across all exchangers must total 100%.
2 fields we couldn't confirm from your documents
Tap to complete manually
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Sales Hub
Record your relinquished property sale — this starts your 1031 exchange clock.
Sign both documents now — only 7 days to identify your replacement
Your Exchange Agreement must be signed before you can submit your replacement property identifications. Open1031 cannot accept unsigned instructions under IRS safe-harbor rules. Treas. Reg. §1.1031(k)-1(g)(4)
To hold your proceeds without you ever touching them, your QI steps into your sale contract in your place — this is called an assignment. Two standard documents make this official: the Assignment of Relinquished Property Contract and a Notice of Assignment that goes to your buyer's closing company as a routine heads-up. Your sale price and closing date do not change — this only changes who legally receives the proceeds at closing.
Engages your QI for this exchange. Exchange: 456 Sunset Blvd → 789 Ocean Ave · $850,000 · Closing Jul 22, 2026.
Certifies your name and Tax ID (TIN) to Open1031. Pre-filled: Matt Belcher · TIN on file · 456 Sunset Blvd, Los Angeles CA 90028.
Both signatures complete this hub and start funding your qualified escrow account.
Sign both the W-9 and Exchange Agreement above to enable this confirmation.
Sales Hub
Exchange active — proceeds in qualified escrow · Read-only
$850,000 secured in qualified escrow
Your exchange proceeds are held by your QI in a segregated qualified escrow account. You have no constructive receipt of funds — this is required for a valid §1031 exchange. escrow-funds-received · verified
Notice sent to your buyer's closing company — nothing for you to do
Fidelity National Title received the routine Notice of Assignment confirming your QI stepped into your sale as the Qualified Intermediary of record. This is standard paperwork between the QI and the closing company — it does not require any action from you.
Sales Hub
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