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Updated 2 months ago,

User Stats

103
Posts
18
Votes
Gloria C.
Pro Member
  • So Cal
18
Votes |
103
Posts

Investment property burned down.....

Gloria C.
Pro Member
  • So Cal
Posted

I had an investment property that burned down recently.  I should have approximately $400K after mortgage is paid off.  Does anyone know if this is considered "free money"? or if I can do a 1031/1033 exchange?  Are rules for 1033 same or different from 1031?

Thanks for any advise.....

Gloria Vega

  • Gloria C.
  • Loading replies...