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Updated about 4 years ago,
1031 exchange help near amesbury ma
Never complete a 1031 exchange, looking for help near by. (Amesbury MA)
Situation
My 3 family has an accepted offer of $660,000 (pending bank approval)
I paid $380,00 and owe $336,000.
I have 56,000 in depreciation that i have claimed and will need to account for.
The potential replacement property will cost $330,000.
Do i have to invest all of my gains into the new property?
Will i be able to pocket anything in this transaction?
Who is needed to complete the 1031 exchange?
Any help is appreciated, thanks for everyones time.