Discussion:1031 Exchange - Property Allocation

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Ralph Ryan, CPA (talk|edits) said:

16 January 2006
In a 1031 exchange of real estate, does the newly acquired property maintain the same basis for the land as the property that was given up?

DZCPA (talk|edits) said:

16 January 2006
No. You need to make an allocation between land and improvements.

DZCPA (talk|edits) said:

16 January 2006
Ask question again if you want in the " discussion forum " section. You will get more replies.

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