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Updated over 4 years ago, 05/07/2020

User Stats

23
Posts
2
Votes
Tom Knox
2
Votes |
23
Posts

1031 Exchange - Like Kind Question

Tom Knox
Posted

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

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