1031 Exchanges
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1031 Exchanges
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Updated about 4 years ago on . Most recent reply
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1031 for Partially Renovated Property
Hello, I purchased a distressed house with the intention of fixing it up. I've received some good offers on it before it's finished and am planning on selling. I purchased it in November of 2020. If I sell in January of 2021, would this be a candidate for a 1031 exchange?
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Thanks @Dave Foster. Our original intent was to flip it so it's probably safer if we just pay the taxes on it and move on.