Discussion:Purchased rental property/1031 exchange

From TaxAlmanac, A Free Online Resource for Tax Professionals
Note: You are using this website at your own risk, subject to our Disclaimer and Website Use and Contribution Terms.

From TaxAlmanac

Jump to: navigation, search

Discussion Forum Index --> Tax Questions --> Purchased rental property/1031 exchange

Tracyea (talk|edits) said:

16 July 2006
Client already purchased a rental home, and would like to sell her four plex or six plex and do a 1031 exchange using the property she already purchased. Can she do that? and do the same rules apply: such as completing the deal within 180 days, and identifying the new property within 45 days (in this case she already purchased the property). Where can I find this information?

I would appreciate your help.

Dennis (talk|edits) said:

16 July 2006
No. Like-Kind Exchange

To join in on this discussion, you must first log in.