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1031 Exchanges
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Updated over 6 years ago,

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Karla Slyngstad
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1031 Exchange - can you reduce your investment value (no loan)

Karla Slyngstad
Posted

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!

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