1031 Exchanges
Market News & Data
General Info
Real Estate Strategies
Short-Term & Vacation Rental Discussions
presented by
Landlording & Rental Properties
Real Estate Professionals
Financial, Tax, & Legal
Tax, SDIRAs & Cost Segregation
presented by
1031 Exchanges
presented by
Real Estate Classifieds
Reviews & Feedback
Updated almost 9 years ago,
Bought with long term intent, but things changed...
I bought a single tenant commercial building in June of 2015. I planned to hold long term. The month to month tenant just moved out last month, so I've been marketing to find another tenant and have some good possibilities.
I just received an unsolicited offer to sell the building. I'm thinking of negotiating the sale. It will probably be less than a one year hold if I'm successful. Can the transaction qualify for a 1031 exchange? Or long term capital gains tax treatment, given the original intent?