Leonardo
Thu Aug 08 2024
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5 answers
1049
Can I use a 1031 exchange for a real estate sale?
Hello, I understand that you are considering a 1031 exchange for a real estate sale. My question is, can you elaborate on how this process works and what are the benefits and drawbacks of using a 1031 exchange for this purpose? Additionally, are there any specific requirements or restrictions that need to be met in order to qualify for a 1031 exchange? Lastly, what are the potential tax consequences of not using a 1031 exchange for a real estate sale? Thank you in advance for your clarification.
