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Updated almost 4 years ago,

User Stats

362
Posts
221
Votes
Ray Slack
  • Investor
  • White Haven PA
221
Votes |
362
Posts

Basic 1031 question about back property taxes on relinquished

Ray Slack
  • Investor
  • White Haven PA
Posted

I've read property taxes are not considered transactional cost.  So, if when selling a property  that I have $10,000 back taxes on the property that were planning to be paid at closing . Would I need to pay those  taxes prior to the closing?  Pay them in Cash at Closing? or are they allowed to be taken from the proceeds? 

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