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Updated over 4 years ago, 05/07/2020
1031 Exchange - Like Kind Question
I am currently going under contract on the sale of a vacant piece of land and would like to defer my gains into a STR condo. Would this qualify as a like kind exchange? If so when would i need to specify to the title company and agents that this is my intent. I would not be doing a simultaneous exchange.
Any information on this would be greatly appreciated. I have reached out to a CPA nut will not get a chance to speak with them in detail until next week.
Thanks in advance.
Tom