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Updated over 6 years ago,
1031 Exchange - can you reduce your investment value (no loan)
Hello. I need to sell my home that I've rented out for the last 11 years to reduce my debt. It should sell for $875 and I owe $430. To avoid capital gains I would like to reinvest, without a loan. Can I do a 1031 for a rental home with a value of $400K?
Thank you!