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Updated about 1 month ago,

User Stats

13
Posts
11
Votes
Nicholas Dillon
11
Votes |
13
Posts

Taking additional cash from a 1031 exhange

Nicholas Dillon
Posted

I am curious of something. If you sell a property, and do a 1031 exchange with the proceeds, but don't need all the proceeds for the down payment of the next property, are you taxed on the additional profit that isn't part of the exchange? Thanks for the information.

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