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Updated over 6 years ago,
1031 a property to fund construction one one already owned?
I am looking to mitigate capital gains and depreciation recapture on an upcoming sale of a commercial building I own. Is there a mechanism to 1031 the commercial building I own into the construction of a new duplex on land I own?
If not, can anyone recommend some strategies to mitigate capital gains and depreciation recapture when I do sell the building?
Thank you.