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Updated over 3 years ago on . Most recent reply

1031 Exchange Form; When and how to apply it?
When and how do you report a 1031 Exchange to the IRS? I am buying a property and I will flip it after is fixed. Any suggestions? Thanks.
Most Popular Reply

Wayne Brooks
#1 Foreclosures Contributor
- Real Estate Professional
- West Palm Beach, FL
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It’s taxed as ordinary income, plus ss/med self employment tax....not eligible for a 1031 or cap gains.