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Updated over 1 year ago on . Most recent reply

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Christian Peevy
  • New to Real Estate
  • Chicago, IL
3
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1031 Exchange Question

Christian Peevy
  • New to Real Estate
  • Chicago, IL
Posted

Does the income you get from rent need to be applied to your new property in a 1031 exchange? Or only profits from the sale of your old property

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David M.
  • Morris County, NJ
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David M.
  • Morris County, NJ
Replied

@Christian Peevy

Not sure what you are asking...  To defer the tax liability of an investment property via a 1031 exchange, you need to transfer your interest another property(ies) of equal or greater value.

@Dave Foster maybe there is a nuance you know about.  And, was there another criteria on the value to be exchanged?  Thanks.

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