Skip to content
×
Try PRO Free Today!
BiggerPockets Pro offers you a comprehensive suite of tools and resources
Market and Deal Finder Tools
Deal Analysis Calculators
Property Management Software
Exclusive discounts to Home Depot, RentRedi, and more
$0
7 days free
$828/yr or $69/mo when billed monthly.
$390/yr or $32.5/mo when billed annually.
7 days free. Cancel anytime.
Already a Pro Member? Sign in here

Join Over 3 Million Real Estate Investors

Create a free BiggerPockets account to comment, participate, and connect with over 3 million real estate investors.
Use your real name
By signing up, you indicate that you agree to the BiggerPockets Terms & Conditions.
The community here is like my own little personal real estate army that I can depend upon to help me through ANY problems I come across.
1031 Exchanges
All Forum Categories
Followed Discussions
Followed Categories
Followed People
Followed Locations
Market News & Data
General Info
Real Estate Strategies
Landlording & Rental Properties
Real Estate Professionals
Financial, Tax, & Legal
Real Estate Classifieds
Reviews & Feedback

Updated over 10 years ago on . Most recent reply

User Stats

20
Posts
14
Votes
Melissa Chinn
  • Investor
  • Sioux Falls, SD
14
Votes |
20
Posts

Tax rules for PARTIAL 1031

Melissa Chinn
  • Investor
  • Sioux Falls, SD
Posted
I currently have $830K being held by a QI at API in California. PROPERTY SOLD Farmland, no loans or leans. Sold for $830K Cash Basis is $200K CASH OUT $250K for paper investments $20K to pay off debt LIKE-KIND PURCHASE Single Family or Multi-Family home(s) in the amount of $550K ?QUESTIONS? What is my tax liability? Will I be penalized for a partial 1031? Does CA have any rules about having to purchase the replacement property in CA?

Loading replies...