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Updated over 11 years ago, 07/25/2013

Account Closed's profile image
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Account Closed
  • Member since Mar 27, 2009
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Account Closed's profile image
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Account Closed
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Account Closed
3
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56
Posts
Tax, SDIRAs & Cost Segregation

1031 Exchange Question

Account Closed
Posted

My business partner bought a fourplex. Originally purchased in May 2012. We added myself to title in July 2012. Took myself off last month. He plans to sell this property to 1031 exchange this property into two single family homes. One of these homes I already own that is rented out. Can he exchange into the property I already own even though at one point I was on title of the property he is exchanging?

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