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Updated over 8 years ago on . Most recent reply

Gerard Gonzalez's profile image
Gerard Gonzalez's profile image
Gerard Gonzalez
  • from Stonington, Connecticut
  • Member since May 21, 2015
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47
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4
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Gerard Gonzalez's profile image
Gerard Gonzalez's profile image
Gerard Gonzalez
  • from Stonington, Connecticut
  • Member since May 21, 2015
Connect
Gerard Gonzalez
  • Stonington, CT
4
Votes |
47
Posts
Buying & Selling Real Estate

1031 question

Gerard Gonzalez
  • Stonington, CT
Posted
My family and I are about to sell a house we inherited. Myself and another family member are splitting sale. My question is do I have to use all of money made from the sale on the exchange? Or can I just use whatever I receive from sale. For example Sale price 100000 I get 50000 Family gets 50000 New house 150000 Down payment 50000
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