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Updated over 3 years ago on . Most recent reply

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Walt Giroir
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1031 Exchange Question

Walt Giroir
Posted

I find myself in an interesting situation.  I purchased a property for $x with 50 acres with 2.5 of the acres being my homestead with a small farm house. If I sell the property for $10x 15 years later and want to use a 1031 Exchange, how can I differentiate my personal homestead from the larger acreage.  I have meetings scheduled with CPA's to discuss but would interested if anyone else has experience this situation

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