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Updated almost 6 years ago on . Most recent reply

User Stats

33
Posts
11
Votes
Sam P.
  • Atlanta, GA
11
Votes |
33
Posts

How to handle 1031 exchange

Sam P.
  • Atlanta, GA
Posted

I’m in process of filing my 2018. I’ve done few flips last year and put majority of what I made into the next flip. All have been cash transactions. I asked my CPA about capital gains since I’ve put most back into more properties to flip. She said I need to talk to a 1031 agent.

Is the 1031 exchange process usually handled through Cpa?

If so should I just let the Cpa handle taxes and provide the purchase and sale info and file a certain form?

Thanks for any info!

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