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Updated over 2 years ago on . Most recent reply
Can I 1031 Exchange This?
I own a rental property. I am under contract to eventually sell an easement for a cell tower on a portion of the property and receive a lump sum. Just trying to find a way to reduce taxes on this unique situation. Would it be possible to use the funds from the sale of the easement to 1031 the money into other rental properties? I have heard differing opinions, but wondering if anybody has any thoughts or experience.
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Dave Foster
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Dave Foster
#1 1031 Exchanges Contributor
Tax & Financial Services
Pro Member
#1 1031 Exchanges Contributor
- Qualified Intermediary for 1031 Exchanges
- St. Petersburg, FL
- Dave Foster
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