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Updated over 2 years ago,
1031 Exchange - Same Taxpayer Rule
Hello, I have owned an investment property with my wife for about 6 years. We have done two 1031 exchanges already to get into this property, so our cost basis is very low from a capital gains perspective. We would like to sell the property and exchange into a larger property via another 1031 exchange. However, we would need to bring on another investor in order to afford the larger property. Can we bring on a 3rd investor (a friend in this case) and still qualify for the 1031 exchange?