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Updated about 4 years ago,

Sayantan Satpati's profile image
Sayantan Satpati's profile image
Sayantan Satpati
  • from San Jose, CA
  • Member since Apr 25, 2017
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9
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Sayantan Satpati's profile image
Sayantan Satpati's profile image
Sayantan Satpati
  • from San Jose, CA
  • Member since Apr 25, 2017
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Sayantan Satpati
  • San Jose, CA
9
Votes |
19
Posts
1031 Exchanges

Reverse 1031 Exchange

Sayantan Satpati
  • San Jose, CA
Posted

Hi, 

I have a property A (rental) and property B (primary residence). I am planning to buy a new primary residence C, rent out B, and sell A. However, selling A would mean paying taxes on capital gains. Is there a way I can use 1031 reverse exchange and use the proceeds after selling A to pay down a part of the mortgage in B?

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