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Updated almost 11 years ago on . Most recent reply

User Stats

7
Posts
0
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Mike Chang
  • Austin, TX
0
Votes |
7
Posts

Question on 1031 Exchange

Mike Chang
  • Austin, TX
Posted

Hi,

I'm thinking of doing a partial 1031 exchange. I'm hoping to just move the profit from the original property sale into the exchange, and then taking the original down payment out in cash.

Does anyone know if that would clear me of the capital gains taxes? Or will the original down payment still be taxed?

Thanks!

Mike

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