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15
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6
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Ernest Wade
  • New to Real Estate
  • Manteca, CA
6
Votes |
15
Posts

1031 Exchange in Partnership Deal

Ernest Wade
  • New to Real Estate
  • Manteca, CA
Posted

I currently have a duplex rental in a which I was looking to sell with 100K equity. I own it 50/50 in a partnership with a family member. My question is if we end up selling can I 1031 exchange my percentage of profits into another property? Meanwhile my partner will want to keep their percentage and pay taxes on their profits.   

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