How much Reinvestment do I need for a 1031 exchange?
Good day, I'm curious about the specifics of a 1031 exchange and particularly the aspect of reinvestment. Could you please elaborate on how much reinvestment is typically required for such an exchange? Is there a minimum threshold or percentage of the sale proceeds that must be reinvested? Additionally, are there any guidelines or regulations that govern the amount of reinvestment necessary to ensure compliance with tax laws? Your insights would be greatly appreciated.