From Matus Law Group – What is a 1031 Exchange in New Jersey? explores how real estate investors in New Jersey can leverage the power of Section 1031 of the Internal Revenue Code to defer taxes and build long-term wealth. Our host, Christine Matus, guides listeners through the key rules and timelines that can make or break a successful 1031 exchange, ensuring you’re not blindsided by state or federal requirements.
In this episode, we break down the core principle: that a 1031 exchange is tax deferral—not tax free—and how the “like-kind” real property rule offers flexibility to trade, for example, a rental house in Summit, New Jersey for a commercial warehouse in Newark, New Jersey. We also cover lesser-known tools like Delaware Statutory Trusts (DSTs) and Tenant-in-Common (TIC) interests, and what the Internal Revenue Service requires when you use a Qualified Intermediary (QI) to facilitate your transaction.
Then we turn our attention to New Jersey’s unique framework: the so-called “Exit Tax”, and the GIT/REP-3 and GIT/REP-1 tax forms that nonresident and resident sellers must understand. Christine Matus draws from her decades of experience at Matus Law Group, and her work with the American Bar Association and Asian Pacific American Lawyers Association, to clarify when the state’s withholding rules apply and how they interact with federal tax deferral.
Whether you’re a seasoned investor or heading into your first exchange, this podcast gives you a toolkit for identifying eligible property, meeting the 45- and 180-day deadlines, and navigating both IRS and New Jersey requirements with confidence. Join us and make your next move count.
The Matus Law Group
125 Half Mile Rd #201A, Red Bank, NJ 07701, United States
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