Tax, SDIRAs & Cost Segregation
Market News & Data
General Info
Real Estate Strategies
Short-Term & Vacation Rental Discussions
presented by
Landlording & Rental Properties
Real Estate Professionals
Financial, Tax, & Legal
Tax, SDIRAs & Cost Segregation
presented by
1031 Exchanges
presented by
Real Estate Classifieds
Reviews & Feedback
Updated over 3 years ago,
Can or should I 1031
I closed on my property about 2 years ago and built a house on it for a total of $110k and I'm currently closing on selling the property for $209k. With it being my primary and only property, can I do a 1031 to avoid capital gain tax or would I even be taxed? I'm in Missouri, if that makes a difference.
If I need to 1031 my money, what is the time line to be closing? Thank you in advance!