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Updated 8 months ago on . Most recent reply

User Stats

201
Posts
37
Votes
Ellie Narie
  • Investor
  • Ashland, OR
37
Votes |
201
Posts

1031: Can you use equity in replacement property to replace cash?

Ellie Narie
  • Investor
  • Ashland, OR
Posted

For 1031 exchange, let's say you buy a replacement property that appraises for much more than the purchase price. Can the difference between the appraisal value and the purchase price count towards your cash replacement for the 1031? That way, if you find a deal like this, you can keep your cash capital-gains-free? 

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