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Updated over 7 years ago on . Most recent reply

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2
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Mike Jones
  • Charlotte, NC
0
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2
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2 homes with 50% ownership in both - selling 1

Mike Jones
  • Charlotte, NC
Posted

Hello folks, I am new to the forum.  This site came up in an internet search on the topic above.  Thanks for your patience as I articulate the question.

This is what I want to do: I purchased 2 investment homes with a partner several years ago and we both own 50% of each.  I would like to sell one home and by the partner out of the other with the profit from sale.  Can I do this with a 1031 exchange?  Logically, it seams that I should.

Thank you in advance

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