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Updated about 8 years ago,

Corey D.'s profile image
Corey D.'s profile image
Corey D.
  • Wholesaler
  • from Dallas, TX
  • Member since Dec 6, 2016
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User Stats

19
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5
Votes
Corey D.'s profile image
Corey D.'s profile image
Corey D.
  • Wholesaler
  • from Dallas, TX
  • Member since Dec 6, 2016
Connect
Corey D.
  • Wholesaler
  • Dallas, TX
5
Votes |
19
Posts
1031 Exchanges

1031 exchange 3 lots under 1 purchase

Corey D.
  • Wholesaler
  • Dallas, TX
Posted

I want to purchase 3 connecting lots of land as one land purchase. I plan on separating the lots after closure, and I want to hold onto the property for 1 year. I want to 1031 exchange all 3 lots individually so I don't get taxed on any capital gain from each lot. Is this possible, or will I have to exchange all 3 lots combined just like I purchased it? 

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