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Updated about 18 years ago on . Most recent reply

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1,340
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Minna Reid
  • Real Estate Broker
  • Jacksonville FL & Middletown CT
587
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1,340
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Another 1031 question

Minna Reid
  • Real Estate Broker
  • Jacksonville FL & Middletown CT
Posted

Ok so basically - as long as I buy a similar property within 45 days of selling another (and none are owner occupied) - I can avoid being taxed is that right? Does the 45 days have to be after the sale of the original property, or can it be preceding?
The new property just has to be the same or more expensive is that right?

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