1031 Tax-Free Exchanges Many times I have talked with our clients about their frustrations with being landlords. However, they are concerned about capital gains tax that could be due if they sell their business real estate. While some of my clients may know about 1031 Exchanges, the deadlines can seem daunting. We have alternative 1031 Exchange Programs that can not only defer or eliminate capital gains tax, they are specifically designed to meet the 45 and 180-day deadlines. These alternatives can provide increased cash flow to our clients and increase the time for our clients to spend as they wish, while not being at the mercy of tenants.