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Updated about 6 years ago on . Most recent reply

David Smith's profile image
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David Smith
  • Rental Property Investor
  • from NJ/PA
  • Member since Jan 18, 2016
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David Smith's profile image
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David Smith
  • Rental Property Investor
  • from NJ/PA
  • Member since Jan 18, 2016
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David Smith
  • Rental Property Investor
  • NJ/PA
148
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555
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1031 Exchanges

Starting a 1031 --- timeline

David Smith
  • Rental Property Investor
  • NJ/PA
Posted

So i am selling a multi family and will use its proceeds to buy another one close by. 

If I want to do a 1031 (  any reason I should not? ) , when and what shall I do?

in the selling contract , shall I note it is 1031?

in the buying contract , shall i note it is 1031?

What documents to submit to IRS and state for 1031 purpose?

1031 agent does everything for me?

what role do my regular selling and buyer attorney play?

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Lisa Taylor
  • Financial Advisor
  • from Minneapolis MN 55405
  • Member since Jan 24, 2019
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Lisa Taylor
  • Financial Advisor
  • from Minneapolis MN 55405
  • Member since Jan 24, 2019
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Lisa Taylor
  • Financial Advisor
  • Minneapolis MN 55405
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Lisa Taylor
  • Financial Advisor
  • Minneapolis MN 55405
Replied

@Ethan Smith you should talking with 1031 exchange  advisor 

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