1031 Exchanges
Market News & Data
General Info
Real Estate Strategies
Short-Term & Vacation Rental Discussions
presented by
Landlording & Rental Properties
Real Estate Professionals
Financial, Tax, & Legal
Tax, SDIRAs & Cost Segregation
presented by
1031 Exchanges
presented by
Real Estate Classifieds
Reviews & Feedback
Updated almost 4 years ago,
Basic 1031 question about back property taxes on relinquished
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?