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Updated almost 2 years ago,
Capital gains on a 1031 Property
For 1031 Experts:
Sold one (1) property via 1031 Exchange in 2016. Rolled the Monies over and purchased two (2) Properties on 1031 Exchange, in 2016.
IF I just SELL ONE (1) of the properties in 2023 or subsequent years, am I liable for Cap Gains taxes on all the 1031 Money carried forward or is it prorated based on Monies Invested into the property at time of purchase or what other guidelines should I be cognizant of?
Appreciate your help.