1033 Exchange Experience
JLK Rosenberger has significant experience assisting Louisiana 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 – Louisiana
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 Louisiana 1033 Exchange Team
JLK Rosenberger provides 1033 exchange and involuntary conversion services to eligible property owners in Louisiana. 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 Louisiana Natural Disasters
Louisiana’s natural disaster history is defined by a series of specific, high-impact events that have repeatedly reshaped its communities, economy, and coastline. One of the most consequential disasters in U.S. history occurred in 2005 when Hurricane Katrina made landfall, breaching levees in the New Orleans area and flooding much of the city. The storm caused widespread loss of life, displaced hundreds of thousands of residents, and exposed systemic vulnerabilities in flood protection, emergency response, and coastal land management. Just weeks later, Hurricane Rita struck southwestern Louisiana, devastating communities such as Lake Charles and Cameron Parish and compounding recovery challenges already underway across the state.
In 2008, Hurricanes Gustav and Ike again tested Louisiana’s resilience. Gustav prompted one of the largest evacuations in state history and caused extensive wind and flood damage across southern Louisiana, while Ike’s massive storm surge severely impacted coastal parishes, destroying homes and infrastructure far inland from the shoreline. These storms reinforced the growing recognition that storm surge and rainfall, not just wind, posed the greatest risks to the state.