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Updated over 7 years ago,

User Stats

5
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0
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Matt Strange
  • Investor
  • Oklahoma City, OK
0
Votes |
5
Posts

1031 Exchange Help Please!!

Matt Strange
  • Investor
  • Oklahoma City, OK
Posted

I just completed my first flip and cleared 10k, I then bought another property and put down 5k on the house.   How and when can I utilize the 1031 exchange?  I have read several things on this great tax benefit but I am struggling to understand the process of putting it into action or documenting it correctly.

Can anyone help walk a rookie through this?

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