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Get a 1033 Exchange Eligibility Review –  (New Orleans)

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

If your New Orleans 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 New Orleans and 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 – New Orleans (LA)

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 New Orleans 1033 Exchange Team

JLK Rosenberger provides 1033 exchange and involuntary conversion services to eligible property owners in New Orleans and 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 New Orleans Natural Disasters

The City of New Orleans has experienced some of the most consequential and frequently cited FEMA-declared natural disasters in U.S. history, largely due to its low-lying geography, coastal exposure, and reliance on complex levee and pumping systems. Situated below sea level in many areas and surrounded by water, New Orleans has faced repeated federal disaster declarations driven by hurricanes, storm surge, catastrophic flooding, and severe tropical weather impacts.

Hurricanes have been the dominant cause of FEMA disaster declarations affecting New Orleans, with Hurricane Katrina in 2005 representing the most devastating event. Katrina’s storm surge and levee failures led to catastrophic flooding across much of the city, causing massive loss of life, widespread destruction of homes and businesses, collapse of critical infrastructure, and long-term population displacement. The scale of the disaster prompted one of the largest federal disaster responses and recovery efforts in history, fundamentally reshaping national emergency management practices, flood protection policy, and urban resilience planning.