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Updated over 6 years ago,

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Partial 1031 exchange

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I have a property with a $223,000 mortgage. I want to sell it for $340,000 and buy out half of another property (I currently own the other half already) for $190,000. I will have to get a $100,000 mortgage on this new purchase. My question is what will my boot be? and will this save me on taxes?

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