What Is a 1031 Exchange? Know the Ru…
https://www.investopedia.com/financial-edge/0110/10-things-to-know-about-1031-exchanges.aspx
Key Takeaways The investment property purchased (replacement property) must be of equal or greater value than the investment property sold (relinquished property). Investors must use all proceeds resulting from the sale of the relinquished property to purchase the replacement property. Both the relinquished property and replacement property must qualify as “like-kind” property. A 1031 exchange is a tax break. ... Proceeds from the sale must be held in escrow by a third party, then used to buy the new property; you cannot receive them, even temporarily. The investment property purchased ( replacement property) must be of equal or greater value than the investment property sold ( relinquished property ).
The investment property purchased (replacement property) must be of equal or greater value than the investment property sold (relinquished property).
Investors must use all proceeds resulting from the sale of the relinquished property to purchase the replacement property.
Both the relinquished property and replacement property must qualify as “like-kind” property.
A 1031 exchange is a tax break. ...
Proceeds from the sale must be held in escrow by a third party, then used to buy the new property; you cannot receive them, even temporarily.
The investment property purchased ( replacement property) must be of equal or greater value than the investment property sold ( relinquished property ).
DA: 19 PA: 37 MOZ Rank: 14