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1031 Exchanges
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Updated almost 2 years ago on . Most recent reply presented by

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Jeffrey A DeAngelis
  • Investor
  • Asbury, NJ
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Can I use a 1031 Exchange AND a self funded retirement to acquire new property?

Jeffrey A DeAngelis
  • Investor
  • Asbury, NJ
Posted

Had a house bought and sold as part of a Self Funded Retirement account. Money is sitting there waiting. 

Have another house about to close that is self funded outside of the Retirement account. 

If I 1031C exchange the self funded house (Titled to my personal name) identify and a new property, have the $$ sit in an intermediary, can I also use the Self Funded Retirement Trust account to purchase new property along with the 1031C exchange?

I assume this will cause complications with how they title the new property. 

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Dave Foster
#1 1031 Exchanges Contributor
  • Qualified Intermediary for 1031 Exchanges
  • St. Petersburg, FL
9,424
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Dave Foster
#1 1031 Exchanges Contributor
  • Qualified Intermediary for 1031 Exchanges
  • St. Petersburg, FL
Replied

@Jeffrey A DeAngelis, the 1031 would have no problem with a tenants in common situation with your retirement account.  However you need to work with your custodian.  That is where it will get tricky.

  • Dave Foster
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The 1031 Investor
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