
Question of the Month: How Do I Get Started with a 1031 Exchange?
Before making the call, it will be helpful for you to have information regarding the parties to the transaction at hand. Here’s how the process works.
Before making the call, it will be helpful for you to have information regarding the parties to the transaction at hand. Here’s how the process works.
So you have a property you fixed up about a year ago, but are looking to sell it. The question is: can you reinvest with it using a 1031 exchange?
In a 1031 exchange, you have to provide an “unambiguous description” of the potential replacement property. Here are the rules for properties you can choose.