Morris has experience here and said, “Yes, it is possible to use a 1031 exchange for multiple properties. The IRS allows taxpayers to exchange one relinquished property for multiple replacement properties, or vice versa, as long as certain rules are followed.”
Sellers must identify, within 45 days, replacement properties whose aggregate value is under 200% of the value of the relinquished property. If the value of multiple properties is over the 200% mark, they must close on at least 95% of the fair market value of the properties identified.