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Updated 10 months ago,
1031 Transfer Question
Hi All,
As I am reading and listening to podcasts and soaking in info for my first rookie deal, I have been learning the basics on the 1031 transfer concept that can come into play down the road.
The question that occurred to me (apologies if it is obvious) is about state lines. Can I sell a property in one state and then do the 1031 transfer to a bigger property in another state withing the 45 day window, or does the transfer have to stay within the same state?
Thanks.
Sincerely,
Joe