Property Swap - 1031

[Jay Levy]

Has anyone had any experience swapping properties.  I’m trying to sell a property for another property, Entity A owns Property 1, Entity B owns Property 2, we want to swap our properties so that Entity A winds up with Property 2 and Entity B winds up with Property 1.  We want this to be handled as a 1031 exchange where the basis transfers from one property to another.  We are having problems finding an attorney in PA who has done this.  

Any advice would be helpful.

[Dave Foster]

@Jay Levy, A simultaneous swap can certainly be done and it can be done without the normal QI involvement with the 1031. But what you're finding is that it is still a fairly complicated structure.  It's not the closings that are going to be the issue.  So an attorney is probably not going to be the needed person.  You'd be better served to get your accounts on board, or a good QI or both.  They can make it happen.  And the price you'll pay will probably be a drop in the bucket compared to the brain damage of trying to DIY it.