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Updated about 2 years ago,
1031 Tax Debt Question
Hi -
I have a 1031 that completed. The QI received $400K of funds and the LTV of the relinquished property is 37.65%. I purchased 2 DSTs with the funds. DST 1 was for $230K and has a LTV of 46.6%. DST 2 was for $170K and the LTV is 23.5%.
Can someone provide me the calculations for the debt and to determine if the 2 replacement properties are sufficient to have a successful 1031 (no boot/tax). If more information is needed, please let me know.
Thanks