1031 Exchanges
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1031 Exchanges
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Updated over 6 years ago on . Most recent reply
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Which professionals do I need?
I have contracted to sell my property with the intention of doing a 1031 exchange. I will close in about a month. I will have identified a property to buy by then. I will be a TIC member in the purchase. I have a QI.
This may be a naïve a question but here goes: Do I need an attorney for this purchase? I think so, but just want to be sure. I will ask the attorney that I'm using for the sale but not sure how experienced he is on the purchase side of a 1031, especially for TICs (if TIC makes a difference).
Also, do I need a 1031-experienced CPA before I make this purchase?