1031 Exchanges
Market News & Data
General Info
Real Estate Strategies
Short-Term & Vacation Rental Discussions
presented by
Landlording & Rental Properties
Real Estate Professionals
Financial, Tax, & Legal
Tax, SDIRAs & Cost Segregation
presented by
1031 Exchanges
presented by
Real Estate Classifieds
Reviews & Feedback
Updated over 6 years ago,
1031 Exchange to S corp
hello I own an investment property (2 family house). I bought in 2002 for about 250k, now worth 1m with about 350k balance (equity 650k). I also own a business which is an S corp valued at 1.5m with 950K balance (equity 550k).
My goal is sell my house and use the proceeds (650K) and pay down my business. Is this possible with a 1031 exchange?