Skip to content
JLKRosenberger logo

Get a 1033 Exchange Eligibility Review –  (Memphis)

Find out if your involuntary conversion qualifies and how much tax you may defer.

If your Memphis property was destroyed, condemned, or involuntarily converted, you may be able to defer capital gains tax through a 1033 exchange.

We help property owners:

  • Confirm eligibility
  • Calculate potential gain and deferral amount
  • Manage deadlines and documentation
  • File the required IRS forms

1033 Exchange Experience

JLK Rosenberger has significant experience assisting Memphis and Tennessee taxpayers navigate the 1033 exchange process. We have worked with dozens of property owners providing necessary guidance, managing the timeline, and filing the necessary tax reports. Beyond the practical experience, our team members undergo ongoing technical tax training to stay current on the latest regulatory changes. The result is a client centric process that prioritizes tax efficiency and savings during the property replacement process.

1033 Exchange Services – Memphis (TN)

What happens next?

  • Eligibility Overview – In this step, the focus is on determining that your situation qualifies to conduct the exchange. Our team reviews the property basis and compensation received and calculates the potential capital gain and the amount needed for a full deferral.
  • Replacement Property Guidance – Our team reviews the specific details about selecting a replacement property including the “similar or related in service or use” standard for replacement property. This ensures the new asset qualifies for the exchange. While you focus on finding new property, our team ensure your selection aligns with requirements.
  • Timeline Management – Our team works to ensure the critical replacement period (2 years for destruction and 3 years of condemnation) are followed. We also assist with documentation and strategies to maximize time for replacement.
  • Tax Reporting – In this step, our team prepares and files all necessary documents with the IRS including Form 4797 (Sales of Business Property) and other required documentation. For those who have already paid tax on a gain but are still in the replacement period timeline we can help recover those taxes.
  • Basis Adjustment – Finally, we calculate the adjusted basis of the new property including the deferred gain. Our team will also provide guidance about the most appropriate depreciation method for your new property.

Contact Our Memphis 1033 Exchange Team

JLK Rosenberger provides 1033 exchange and involuntary conversion services to eligible property owners in Memphis and Tennessee. Interested in learning more about our 1033 exchange services? If you are interested in learning more about our services and how we can help you, complete the form below and a team member will follow up shortly.

About Memphis Natural Disasters

The City of Memphis has experienced numerous FEMA-declared natural disasters, reflecting its location along the Mississippi River and within a region prone to flooding, severe storms, tornadoes, and winter weather extremes. These federally declared events have periodically disrupted neighborhoods, transportation networks, utilities, and regional commerce, shaping how the city approaches emergency management and long-term resilience.

Flooding has been one of the most consistent drivers of FEMA disaster declarations affecting Memphis. The city’s proximity to the Mississippi River has exposed it to major flood events during periods of prolonged rainfall and upstream snowmelt across the Mississippi River Basin. Significant floods, including the historic 2011 Mississippi River flood, caused widespread impacts along riverfront areas, threatened levee systems, disrupted port operations, and damaged roads and public infrastructure. Federal disaster declarations following these events supported emergency protective measures, levee monitoring, and recovery assistance for affected communities.