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Updated about 8 years ago on . Most recent reply presented by

User Stats

30
Posts
21
Votes
Justin Garrett
  • Rental Property Investor
  • Hays, KS
21
Votes |
30
Posts

New to the 1031 world

Justin Garrett
  • Rental Property Investor
  • Hays, KS
Posted
Hello all thanks in advance for the assistance! So I am putting my rentals on the market at the end of the month that I purchased for 230. The list price will be around 410. I have put in about 15 thousand in upgrades over the years(have all the paper work to prove). If I do a 1031 can I pull that 15 thousand out or is every dollar over the original purchase price considered profit and have to go towards the next property?

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