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1031 Exchanges
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Updated over 11 years ago on . Most recent reply presented by

Account Closed
  • CA
3
Votes |
25
Posts

Quick 1031 Exchange Question

Account Closed
  • CA
Posted

Purchase price $600k

Rehab: $100k

Sale price $800k

Gain: $100K

Is it possible to take the $100k Gain & buy a $100K property cash w/ 1031 exchange?

Most Popular Reply

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1,409
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Ellis San Jose
  • Rental Property Investor
  • Westlake Village, CA
776
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1,409
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Ellis San Jose
  • Rental Property Investor
  • Westlake Village, CA
Replied

As long you can prove intent was as an investment property & not a flip (your holding period etc. can be scrutinized) You could utilize a 1031 exchange. However, you would have to exchange into a property greater than or equal to $800k in order to avoid taxable boot.

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