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Yes, I'm familiar with the 1031 exchange program. A 1031 exchange, also known as a like-kind exchange or a Starker exchange, is a tax strategy that allows you to defer capital gains taxes when you sell an investment property and reinvest the proceeds into a similar property within a specified time frame. It's based on Section 1031 of the Internal Revenue Code. To qualify for a 1031 exchange, both the property you're selling and the property you're buying must be considered like-kind, meaning they must be held for investment or used in a trade or business. Also, there are strict timelines you need to follow: 1. The 45-Day Identification Period: You must identify potential replacement properties within 45 days of selling your original property. 2. The 180-Day Exchange Period: You must acquire and close on one or more of the identified properties within 180 days of selling your original property, or by the due date for filing your tax return for the year in which you sold the property, whichever comes first. A qualified intermediary should be involved in the process to handle the exchange and ensure that you meet all requirements. It's important to understand the rules and restrictions fully to avoid potential tax consequences.