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Updated over 3 years ago on . Most recent reply

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John H Beck
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John H Beck
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1031 Exchanges

1031 Exchange Involving Property owned by two Trusts

John H Beck
Posted

A property that owned by together two separate trusts was sold using a 1031 Exchange.  Can the two trusts now split the proceeds to go in  separate directions with each Trust buying property that is not jointly owned and still maintain the tax deferment?

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