Last updated: 2026-08-12
The two-minute version, in six pages
This storybook distills the 1031 exchange audit into a visual walk-through an owner can finish in two minutes: the exchange chain, the difference between correctly filed and correctly valued, the Texas couple's $1.2 million recovery, and the Form 3115 + Section 481(a) mechanism that brings every missed year onto this year's return.
Download the storybook
Download the six-page storybook (PDF)
Free, no form required.
What is inside
- Why the building you own today is the end of a chain — and what was decided at every link
- Why correctly filed is not the same as correctly valued
- The $1.2M Texas case: 20% building, 80% land, and the one filing that fixed it
- How Form 3115 and the Section 481(a) catch-up work, in plain English
- The compounding math behind the $33,000 average annual planning savings
After the storybook
The natural next step is a no-cost fit review: bring your exchange history, and JPOPE will tell you plainly whether a deeper audit is worth your time. Eligibility is not assumed — and neither is a problem.
