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Updated over 17 years ago on . Most recent reply
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1031 exchange question
I was wondering if this is possible.
Wholesale a house and 1031 the profits (tax free) into an existing property. The property would have been owned for way more than 180 days, maybe several years.
If its not possible is there another way to transfer profit from any RE sale into some other RE that has been owned for a while without paying capital gains or regular income tax?
Thanks