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Updated over 7 years ago,

Kevin Carrington's profile image
Kevin Carrington's profile image
Kevin Carrington
  • Real Estate Professional
  • from University Place, Washington
  • Member since Mar 2, 2016
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User Stats

10
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1
Votes
Kevin Carrington's profile image
Kevin Carrington's profile image
Kevin Carrington
  • Real Estate Professional
  • from University Place, Washington
  • Member since Mar 2, 2016
Connect
Kevin Carrington
  • Real Estate Professional
  • University Place, WA
1
Votes |
10
Posts
1031 Exchanges

1031 exchange on an inherited property

Kevin Carrington
  • Real Estate Professional
  • University Place, WA
Posted

Hey BP, 

My wife and I have inherited a property that is split three ways with other family members. We have considered renting it, but it is a condo and the HOA will not allow any more rentals. If we sell the property and split the profit three ways, can we take our portion of the profit and roll it into another property to avoid the taxes on it? Thanks!

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