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Updated almost 9 years ago,

Matt Smith's profile image
Matt Smith's profile image
Matt Smith
  • from San Francisco, California
  • Member since Oct 12, 2014
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161
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Matt Smith's profile image
Matt Smith's profile image
Matt Smith
  • from San Francisco, California
  • Member since Oct 12, 2014
Connect
Matt Smith
  • San Francisco, CA
26
Votes |
161
Posts
1031 Exchanges

Proceeds can be use to buy new furniture of new income property?

Matt Smith
  • San Francisco, CA
Posted

I am doing a 1031 exchange. I would like to know whether I can use some of the proceeds (tax free, or more accurately deferred taxes) of the property I am selling to buy furniture, new kitchen of the new property that will be rented as a furnished income property?

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