Many investors realize capital gains not from their own direct sales, but through an entity — a partnership, LLC taxed as a partnership, or S corporation — that sells an asset and passes the gain through to them on a Schedule K-1. These pass-through gains qualify for Opportunity Zone investment just like direct gains, but the timing rules work differently and, helpfully, more flexibly: a partner who receives a gain on a K-1 gets a choice of start dates for the 180-day investment window, often buying meaningful extra time. Getting this right requires coordinating with the entity, understanding the start-date options, avoiding common timing errors, and documenting the deferral election properly. This guide explains pass-through gains, the two 180-day start-date options, coordinating with the entity, common timing errors, and documenting the election. This is technical, educational information — not tax advice — and the rules are time-sensitive and evolving, so verify the current rules with your CPA.
Pass-through gains explained
A pass-through gain is a capital gain realized inside an entity that flows out to its owners. When a partnership, an LLC taxed as a partnership, or an S corporation sells an appreciated asset (real estate, securities, a business), the entity itself usually pays no entity-level tax on the gain — instead, the gain passes through to the partners or shareholders, reported to each owner on a Schedule K-1. So the gain shows up on your K-1 even though you didn't personally make the sale.
These pass-through gains are eligible for Opportunity Zone investment to the same extent a direct gain would be — a capital gain is a capital gain, whether you realize it yourself or receive it through an entity. So if your K-1 reports a capital gain (and you don't elect to defer it at the entity level), you can invest that gain into a QOF and claim the OZ deferral and 10-year benefits, just as if you'd sold the asset directly. There is a choice about who defers: the entity can elect to invest the gain in a QOF itself, or it can pass the gain through and let each partner decide individually.
Understanding pass-through gains matters because the path the gain takes (through an entity rather than directly to you) changes the timing mechanics in your favor, while leaving the eligibility intact. So a K-1 capital gain is OZ-eligible, but the 180-day clock works differently than for a direct sale. Pass-through gains explained — a capital gain realized inside a partnership or S corporation, passed through to owners on a Schedule K-1, eligible for OZ investment to the same extent as a direct gain, with the entity or the individual partner able to defer it — frames the rest of the analysis. The gain is eligible; the timing differs. Understanding this shows where K-1 gains fit. A K-1 (pass-through) capital gain from a partnership or S corporation is OZ-eligible just like a direct gain, but with different, more flexible 180-day timing.
Two 180-day start-date options
The signature feature of a pass-through gain is that the partner gets a choice of when the 180-day investment window starts — flexibility a direct seller doesn't have. For a direct sale, the 180 days run from the date of the sale, full stop. For a gain received on a K-1, the regulations give the partner (or S-corp shareholder) more than one option for the start date. So the partner can pick the start date that works best, often gaining additional time.
There are effectively three start-date choices, and the latter two are the source of the extra time. First, the partner can use the date the entity realized the gain (the actual sale date) — the same date a direct seller would use. Second, the partner can use the last day of the entity's tax year (commonly December 31 for a calendar-year entity) — so a gain the entity realized in, say, March can have its 180 days start on December 31, pushing the deadline into the following year. Third, the partner can use the due date of the entity's tax return without extensions (generally March 15 for a calendar-year partnership) — buying still more time, with the window running about 180 days from that mid-March date.
So a partner who receives a gain on a K-1 can start the 180-day clock on the entity's realization date, the entity's year-end, or the return due date — each successive option giving more time. This flexibility is valuable because K-1s often arrive late (sometimes after the entity's realization date is long past), and the year-end or return-due-date start ensures the partner still has a full window. Two 180-day start-date options — really three choices: the entity's gain-realization date, the last day of the entity's tax year (often December 31), or the due date of the entity's return without extensions (often March 15) — give partners flexible, usually later, start dates than a direct seller. The flexibility often extends the deadline into the following year. Understanding it shows the timing advantage. A K-1 partner can start the 180-day clock on the entity's realization date, year-end, or return due date — usually gaining significant extra time over a direct seller.
The big advantage of a K-1 gain is flexibility: instead of one fixed start date, a partner can choose when the 180 days begin — often pushing the deadline well into the following year.
Coordinating with the entity
Successfully investing a K-1 gain in a QOF requires coordinating with the entity, because the deferral decision and the information you need both originate there. First, you (or your CPA) need to know whether the entity itself intends to defer the gain by investing in a QOF at the entity level — if it does, the gain may not pass through for you to defer individually. So confirm the entity's intentions before planning your own OZ investment.
Second, you need timely, accurate information from the entity: the amount and character of the gain (it must be a capital gain to qualify), the date the entity realized it, and the entity's tax-year-end and return due date (to determine your start-date options). Because K-1s are often issued late, you may need to request these details from the entity's accountant ahead of the formal K-1 so you don't lose your window. So proactive communication with the entity (or its tax preparer) is essential.
Third, coordination helps avoid duplicate or conflicting elections — you and the entity shouldn't both try to defer the same gain. So clear communication about who is deferring (the entity or the individual partners) prevents errors. Coordinating with the entity — confirming whether the entity will defer the gain itself, obtaining the gain's amount, character, and realization date plus the entity's year-end and return due date, and avoiding duplicate elections — is essential to invest a K-1 gain in a QOF correctly. The information and the deferral decision both start at the entity. Understanding this shows why coordination matters. Coordinate with the entity to confirm who defers the gain and to obtain the gain amount, character, realization date, and the entity's year-end and return due date you need for your start-date options.
Common timing errors
Several timing errors commonly trip up investors with K-1 gains — and most stem from not understanding the flexible start dates. The most frequent error is mis-starting (or missing) the 180-day clock: assuming the window runs only from the entity's sale date, an investor who receives a late K-1 may believe the window has already closed when, in fact, the year-end or return-due-date start option still leaves time. So mistakenly using the earliest start date can cause a partner to forfeit an opportunity that the later options preserve.
Another error is the reverse — over-assuming time and missing the actual deadline by miscalculating which start date applies or how the 180 days are counted. And some investors don't realize a pass-through gain qualifies at all, paying the tax unnecessarily. A further error is acting without confirming the entity's plans, only to find the entity already deferred the gain (or didn't, leaving the partner to scramble). So both under- and over-estimating the window, and failing to coordinate, are common pitfalls.
These errors are avoidable with awareness and professional guidance: identify the gain and its character early, determine your start-date options with your CPA, and calendar the deadline precisely. So the common timing errors with K-1 gains are mostly about the start date and coordination — and they're avoidable. Common timing errors — mis-starting the clock (wrongly assuming only the sale date applies, and forfeiting the later options), miscounting the window and missing the deadline, not realizing the gain qualifies, and failing to coordinate with the entity — most stem from the flexible start dates being misunderstood. They're avoidable with awareness and professional help. Understanding them prevents costly mistakes. Common K-1 timing errors include mis-starting the clock, missing the later start-date options, miscounting the window, and failing to coordinate with the entity — all avoidable with care and professional guidance.
- A K-1 capital gain from a partnership or S corporation is OZ-eligible just like a direct gain — but with different, more flexible 180-day timing.
- Partners get a choice of start date: the entity's realization date, the entity's year-end (often December 31), or the return due date without extensions (often March 15) — often gaining substantial extra time.
- Coordinate with the entity to confirm who defers the gain and to obtain the gain amount, character, realization date, and year-end/return-due-date you need.
- Common errors include mis-starting the clock, assuming only the sale date applies, and failing to document the election — avoid them and keep records; verify current rules with your CPA.
Documenting the election
Once you invest a K-1 gain in a QOF, documenting the deferral election properly is essential to claim and substantiate the benefit. The OZ deferral is an elective benefit you claim on your tax return: you report the eligible gain you're deferring on Form 8949 (with the appropriate code) and report your QOF investment on Form 8997 (the annual statement of QOF holdings). So the election is made and tracked through these forms — not automatic.
For a pass-through gain, your documentation should also capture the facts that support your start date: the date the entity realized the gain, the entity's tax-year-end, the entity's return due date, and which start date you used — so you can demonstrate the investment was timely if questioned. Keep the K-1, the entity's confirmation of the gain's character and date, your QOF subscription documents (showing the investment date and amount), and your filed forms. So thorough records tie the deferred gain to the qualifying QOF investment within the proper window.
Because the rules are technical and the start-date choice is fact-specific, work with your CPA to make and document the election correctly. So documenting the election — the forms, the supporting facts, and the records — is the final step in investing a K-1 gain in a QOF. Documenting the election — reporting the deferred gain on Form 8949 and the QOF investment on Form 8997, and keeping records of the gain's date and character, the entity's year-end and return due date, the start date used, and the QOF subscription — substantiates a K-1 gain's OZ deferral. The election is claimed on forms and supported by records. Understanding this shows the final step. Document the K-1 gain's deferral on Forms 8949 and 8997, and keep records of the gain's date/character, the entity's year-end and return due date, the start date used, and the QOF investment, to substantiate the election.
A worked timeline example
An illustrative timeline shows how the flexibility works in practice (illustrative only — verify your specifics with your CPA). Suppose a calendar-year partnership sells an appreciated property on March 10, 2026, realizing a $500,000 capital gain that will pass through to you as a partner. As a direct seller, your 180 days would run from March 10, 2026, expiring in early September 2026. But as a K-1 recipient, you have three start-date choices.
If you start on the entity's realization date (March 10, 2026), your window expires around early September 2026. If you start on the entity's year-end (December 31, 2026), your 180 days run into late June 2027. If you start on the partnership's return due date without extensions (March 15, 2027), your window extends into roughly mid-September 2027. So depending on which start date you elect, your deadline to invest the $500,000 in a QOF could fall in September 2026, June 2027, or September 2027 — a dramatic range. The later options are especially useful if your K-1 arrives in early 2027 (as many do), since you'd still have a full window.
So the same $500,000 K-1 gain can be invested on very different timelines depending on the start date you choose — flexibility a direct seller never gets. So a worked example makes the start-date options concrete. A worked timeline example — a $500,000 K-1 gain from a March 2026 partnership sale, investable by September 2026 (realization-date start), June 2027 (year-end start), or September 2027 (return-due-date start) — shows how the start-date options dramatically extend a partner's window (illustrative only; verify with your CPA). The flexibility is substantial. Understanding the example makes the options concrete. A worked example shows a K-1 gain's deadline can fall in September 2026, June 2027, or September 2027 depending on the start date chosen — flexibility a direct seller lacks (illustrative only).
How Baker 1031 helps with K-1 gains
Baker 1031 Investments helps investors with capital gains arriving on a Schedule K-1 understand and use the Opportunity Zone strategy — recognizing that pass-through gains qualify, identifying the flexible 180-day start-date options, coordinating with the entity, avoiding common timing errors, and documenting the election — so a partnership or S-corporation gain can reach a suitable, tax-advantaged QOF within the proper window.
QOF interests and related securities are offered through the broker-dealer, Aurora Securities, Inc. (member FINRA/SIPC), and any recommendation follows a suitability review (OZ investments are typically suitable for accredited investors). We do not provide tax or legal advice — your CPA confirms your gain's amount, character, and realization date, determines your start-date options, and makes and documents the deferral election, all of which are technical and time-sensitive. Our role is to help you understand the K-1 OZ opportunity and access suitable QOFs within whichever window applies, coordinating with your tax professionals on the timing. The flexible start dates can be a meaningful advantage for partners, and we help you recognize and use them — so your pass-through gain reaches a suitable OZ investment on the right timeline, with the election properly made and documented by your CPA. Because the rules are evolving, we emphasize verifying the current rules before acting.
Frequently Asked Questions
Can I invest a partnership or K-1 gain in an Opportunity Zone?
Yes — a capital gain that flows through to you on a Schedule K-1 from a partnership, an LLC taxed as a partnership, or an S corporation is eligible for Opportunity Zone investment to the same extent as a direct gain. A capital gain is a capital gain, whether you realize it from your own sale or receive it through an entity. So if your K-1 reports a capital gain and you (not the entity) are deferring it, you can invest that gain into a QOF within the applicable 180-day window and claim the OZ deferral plus the 10-year benefits. There's a choice about who defers: the entity can elect to invest the gain in a QOF itself, or it can pass the gain through and let each partner decide individually. So a K-1 capital gain qualifies — but the 180-day timing works differently (and more flexibly) than for a direct sale, so confirm the details with your CPA.
What are the 180-day start-date options for a K-1 gain?
A partner who receives a capital gain on a K-1 gets a choice of start dates for the 180-day investment window — three options. First, the date the entity realized the gain (the actual sale date), the same date a direct seller uses. Second, the last day of the entity's tax year (commonly December 31 for a calendar-year entity), so a gain realized earlier in the year can have its 180 days start at year-end. Third, the due date of the entity's tax return without extensions (generally March 15 for a calendar-year partnership), pushing the window even later. Each successive option generally gives more time. This flexibility is valuable because K-1s often arrive late — the year-end or return-due-date start ensures you still have a full window. So you can choose whichever start date best fits your situation; confirm the precise dates and deadlines with your CPA.
Why do partners get more time than direct sellers?
Because the regulations recognize that a partner often doesn't even know about a pass-through gain until the K-1 arrives — which can be months after the entity's sale, sometimes well into the following year. To avoid penalizing partners for the timing of K-1 issuance, the rules let a partner start the 180-day window on the entity's gain-realization date, the entity's tax-year-end, or the entity's return due date (without extensions), rather than forcing the realization date alone. So a partner whose K-1 arrives in, say, February or March can still start a fresh 180-day window from the prior year-end or the return due date, preserving a full window to invest. This is a fairness mechanism — it gives pass-through investors a realistic opportunity to invest that they might otherwise miss because of late K-1s. So the extra time reflects the practical reality of how pass-through gains are reported, and it's a genuine advantage of K-1 gains.
How do I coordinate with the partnership or S corporation?
Coordination is essential because both the deferral decision and the information you need originate at the entity. First, confirm whether the entity intends to defer the gain itself by investing in a QOF at the entity level — if it does, the gain may not pass through for you to defer individually. Second, obtain the gain's amount and character (it must be a capital gain to qualify), the date the entity realized it, and the entity's tax-year-end and return due date — you need these to determine your start-date options. Because K-1s are often issued late, you may need to request these details from the entity's accountant ahead of the formal K-1. Third, make sure you and the entity don't both try to defer the same gain. So communicate proactively with the entity (or its tax preparer) about who is deferring and to gather the facts you need — coordination prevents both missed windows and duplicate elections. Your CPA can manage this with the entity.
What are the most common timing errors with K-1 gains?
The most common error is mis-starting the 180-day clock — assuming the window runs only from the entity's sale date and concluding it has closed, when the year-end or return-due-date start option still leaves time. Using the earliest start date unnecessarily can forfeit an opportunity the later options preserve. The reverse error is over-assuming time and missing the actual deadline by miscalculating which start date applies or how the 180 days are counted. Some investors don't realize a pass-through gain qualifies at all and pay the tax unnecessarily. And some act without confirming the entity's plans, only to find the entity already deferred the gain. So the common errors cluster around the start date (under- or over-estimating the window) and coordination. They're avoidable: identify the gain and its character early, determine your start-date options with your CPA, calendar the deadline precisely, and confirm the entity's intentions. Awareness and professional guidance prevent these mistakes.
How do I document the deferral election for a K-1 gain?
The OZ deferral is elective and claimed on your tax return: report the eligible gain you're deferring on Form 8949 (with the appropriate code) and report your QOF investment on Form 8997 (the annual statement of QOF holdings). For a pass-through gain, your documentation should also capture the facts supporting your start date: the date the entity realized the gain, the entity's tax-year-end, the entity's return due date, and which start date you used — so you can demonstrate the investment was timely if questioned. Keep the K-1, the entity's confirmation of the gain's character and date, your QOF subscription documents (showing the investment date and amount), and your filed forms. Thorough records tie the deferred gain to the qualifying QOF investment within the proper window. Because the rules are technical and the start-date choice is fact-specific, work with your CPA to make and document the election correctly — proper documentation substantiates the benefit if your return is examined.
Does the entity or the partner make the OZ investment?
Either can — it's a choice. The entity (the partnership or S corporation) can elect to defer the gain by investing it in a QOF at the entity level, in which case the OZ investment is held by the entity and the gain isn't passed through to partners for individual deferral. Alternatively, the entity can pass the gain through to the partners on their K-1s and let each partner decide individually whether to invest their share in a QOF. So the deferral can happen at the entity level or the partner level, but generally not both for the same gain. This is exactly why coordination matters — you need to know which path the entity is taking before planning your own investment. If the entity defers, you don't; if it passes the gain through, you can defer your share individually (with the flexible start-date options). So confirm with the entity who is deferring the gain, and plan accordingly with your CPA.
What if my K-1 arrives after the entity's sale date?
This is exactly the situation the flexible start dates address. K-1s are frequently issued months after the entity's sale — often in the following calendar year, near the entity's tax-filing deadline. If you were limited to the entity's realization date, a late K-1 could mean the 180-day window had already expired before you even learned of the gain. Instead, you can start your 180 days on the entity's tax-year-end (often December 31) or on the entity's return due date without extensions (often March 15) — so even a K-1 arriving in early or mid-following-year still leaves you a full window to invest. So a late K-1 generally doesn't cost you the opportunity, thanks to the later start-date options. This is one of the most practically valuable features of pass-through OZ treatment. Confirm your exact start-date options and deadline with your CPA based on the entity's year-end and return due date, but a late K-1 is usually not fatal to your OZ plan.
Does the gain have to be a capital gain to qualify?
Yes — only the capital-gain portion of what passes through on a K-1 qualifies for OZ investment. If the entity's sale produced ordinary income (for example, certain depreciation recapture, inventory gains, or other items taxed as ordinary income), that portion isn't eligible for the OZ deferral; only the capital gain is. So when a K-1 reports multiple items, you and your CPA must identify the eligible capital-gain amount. Both short-term and long-term capital gains can qualify, but the character matters for your overall tax picture. This is one reason coordinating with the entity (and getting the gain's character confirmed) is important — you need to know how much of the pass-through gain is actually OZ-eligible. So confirm the capital-gain portion of your K-1 with your CPA before determining how much to invest in a QOF; investing more than the eligible gain doesn't extend the OZ benefits to the excess, and ordinary-income items can't be deferred through the OZ at all.
Can I invest only part of a K-1 gain in a QOF?
Yes — you can invest some or all of an eligible capital gain in a QOF; you're not required to invest the entire amount. Only the portion you actually invest in a QOF (within the applicable 180-day window) receives the OZ deferral and the 10-year benefits; any eligible gain you don't invest is simply taxed as a normal capital gain. So if your K-1 reports a $500,000 capital gain and you invest $300,000 in a QOF, the $300,000 is deferred and the remaining $200,000 is taxable. This flexibility lets you size your OZ investment to your circumstances, liquidity, and risk tolerance. So you can partially defer a K-1 gain. Keep in mind the OZ investment is illiquid and long-term (a 10-year hold for the full exclusion), so size it appropriately for capital you can commit. Your CPA and advisor can help you decide how much of the eligible gain to invest, balancing the tax benefit against the investment's commitment and your other needs.
Are S corporation gains treated the same as partnership gains?
Largely yes — a capital gain passing through from an S corporation to its shareholders on a K-1 is generally eligible for OZ investment with flexible start-date options similar to a partnership gain. The shareholder can generally start the 180-day window on the S corporation's gain-realization date, the entity's tax-year-end, or the entity's return due date without extensions. So S-corp shareholders benefit from the same kind of timing flexibility as partners. That said, the precise mechanics and any entity-specific nuances should be confirmed with your CPA, because the rules are technical and S corporations have their own characteristics. So both partnership and S-corporation pass-through capital gains can generally use the OZ with flexible start dates, but verify the specifics for your entity type and situation. The core point holds: a pass-through capital gain from either entity type qualifies, and the partner or shareholder usually gets more time than a direct seller, which is a meaningful planning advantage.
What happens if the entity already deferred the gain?
If the entity (the partnership or S corporation) elected to defer the gain by investing it in a QOF at the entity level, then the gain generally isn't passed through to you for individual deferral — the OZ investment is held by the entity, and you don't separately invest your share. So you'd have no individual K-1 gain to defer in that case. This is precisely why confirming the entity's plans up front matters: if you assume the gain will pass through and plan your own QOF investment, only to learn the entity already deferred it, your plan is moot. Conversely, if you assume the entity will defer and it doesn't, you may scramble to invest within your window. So coordinate early to learn whether the entity or the partners are deferring. If the entity defers, you benefit through your interest in the entity; if it passes the gain through, you defer your share individually with the flexible start dates. Your CPA can clarify which path applies to your situation.
Do the flexible start dates apply to direct sales too?
No — the flexible start-date options are specific to gains that flow through a pass-through entity (a partnership or S corporation) on a K-1. For a gain from your own direct sale of an asset, the 180-day window runs from the date of that sale, with no year-end or return-due-date alternatives. So the timing advantage is unique to pass-through gains; it reflects the practical reality that partners often don't learn of entity gains until the K-1 arrives. If you sell an asset directly, your clock starts on the sale date, period — plan accordingly and invest within 180 days. So don't assume direct-sale gains get the same flexibility; they don't. If you have both direct and pass-through gains, you'll have different start dates and deadlines for each, which is exactly the kind of complexity worth mapping out with your CPA. The flexibility is a benefit of the pass-through structure, not a general OZ feature available to all gains.
Should I get professional help for a K-1 OZ investment?
Strongly recommended — investing a K-1 gain in a QOF is technical, and the consequences of errors (mis-starting the clock, missing the window, mischaracterizing the gain, or botching the election) can be costly. A CPA confirms the eligible capital-gain amount and character, determines your start-date options based on the entity's year-end and return due date, calculates your precise deadline, and makes and documents the deferral election on Forms 8949 and 8997. Coordinating with the entity (and sometimes its accountant) is also easier with professional involvement. On the investment side, an advisor helps you evaluate and access suitable QOFs within your window. So yes, professional guidance is well worth it for a K-1 OZ investment — the flexible timing is an advantage only if you use it correctly, and the documentation must be right to substantiate the benefit. So assemble your team (CPA, and an advisor for the investment), confirm the rules are current, and proceed methodically. The stakes and the technicality both argue for getting it right with professional help.
How does Baker 1031 help with K-1 gains?
We help investors with capital gains arriving on a Schedule K-1 understand and use the Opportunity Zone strategy — recognizing that pass-through gains qualify, identifying the flexible 180-day start-date options, coordinating with the entity, avoiding common timing errors, and documenting the election — so a partnership or S-corporation gain can reach a suitable, tax-advantaged QOF within the proper window. QOF interests are offered through the broker-dealer (Aurora Securities, member FINRA/SIPC) after a suitability review (OZ investments are typically suitable for accredited investors). We don't provide tax or legal advice — your CPA confirms your gain's amount, character, and realization date, determines your start-date options, and makes and documents the election. We help you understand the K-1 OZ opportunity and access suitable QOFs within whichever window applies, coordinating with your tax professionals. The flexible start dates can be a meaningful advantage for partners, and we help you recognize and use them, while emphasizing verifying the current rules before acting.
Glossary
- Pass-Through Gain
- A capital gain realized inside an entity, passed to owners.
- Schedule K-1
- The form reporting a partner's share of entity income/gain.
- Partnership
- A pass-through entity whose gains flow to partners.
- S Corporation
- A pass-through entity whose gains flow to shareholders.
- 180-Day Window
- The period to invest an eligible gain into a QOF.
- Realization Date
- The date the entity actually realized the gain.
- Entity Year-End
- The last day of the entity's tax year, a start-date option.
- Return Due Date
- The entity's return deadline (no extensions), a start option.
- Start-Date Options
- The three choices for when a partner's 180 days begin.
- Eligible Gain
- The capital-gain portion that qualifies for OZ deferral.
- Capital-Gain Character
- Whether a gain is capital (eligible) vs. ordinary (not).
- Deferral Election
- The elective choice to defer the gain via the OZ.
- Form 8949
- Where the deferred gain is reported.
- Form 8997
- The annual statement of QOF investments held.
- Entity-Level Deferral
- The entity itself investing the gain in a QOF.
- QOF
- The Qualified Opportunity Fund the gain is invested in.
Sources & References
- IRS. Opportunity Zones Frequently Asked Questions
- Cornell Legal Information Institute. 26 U.S. Code § 1400Z-2 — Special rules for capital gains invested in opportunity zones
- Cornell Legal Information Institute. 26 U.S. Code § 721 — Nonrecognition of gain or loss on contribution
- U.S. Securities and Exchange Commission. Investor.gov — Opportunity Zones
Disclosures
This article is published by Baker 1031 Investments, LLC for general educational purposes for accredited investors and is not an offer to sell or a solicitation of an offer to buy any security, nor is it tax, legal, accounting, or investment advice or a recommendation. Any securities offering is made solely through a sponsor’s private placement memorandum (PPM) following a suitability determination. Securities offered through Aurora Securities, Inc. (ASI), member FINRA / SIPC; Baker 1031 Investments is independent of ASI.
Oil & gas mineral and royalty interests and DST programs are speculative, illiquid securities sold only to verified accredited investors and involve substantial risk, including possible loss of principal, commodity-price and production-decline risk, lack of control, and the risk that an intended 1031 exchange fails to qualify for tax deferral. Whether a particular interest qualifies as like-kind real property is a fact-specific legal determination that varies by state and by the terms of the instrument. Tax results depend on your individual circumstances. Consult your own CPA and attorney before acting. Past performance does not guarantee future results.
