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Updated 6 months ago,

User Stats

16
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6
Votes
Mary Chen
6
Votes |
16
Posts

Expenses that can be used in a 1031

Mary Chen
Posted

The property we have has some repair work that needs to be done before we are selling it out as a 1031. What kind of expenses can be claimed back from the sale proceeds? (Eg Travelling cost, cost to repair (labor,  materials). And if not, where should they be deducted? I would think these are considered operational expense but with a 1031 I’m just not sure. Any hints?

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