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Updated over 5 years ago,
Selling a 1031 exchanged property 1 year later
Hi BP!
I am 1 year into a property I 1031 exchanged into. I was given an offer to sell (and seller finance) I can't pass up. I understand from 1031 rules that I need to hold the property for at least a year to keep the exchange valid.
My question is how to calculate my cap gains and depreciation clawback on the exchanged property.
I plan to use this number as the minimum down payment requirement on the deal so I'm not out of pocket.
Any help would be much appreciated!
Adam