I sold a real estate property and made a profit, how long to I have to reinvest that profit before I pay taxes on the profit?

[SweetieJean]

<a rel="nofollow" target="_blank" href="https://www.thebalance.com/how-to-do-1031-exchanges-1798717">https://www.thebalance.com/how-to-do-10...>

[luckyboris]

Thank you

[Opus 17 · Accepted solution]

You pay the tax now.

To postpone the capital gains tax on a real property transaction you have to perform the exchange as one transaction.  If you sold property and put the money in the bank, and plan to buy new property later, the gain from the first sale is taxable in the year you make the sale.

[SweetieJean]

Right. As the link above indicates, all that must be set up in advance.  It is too late now.