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Updated over 7 years ago on . Most recent reply

1031 exchange, newbie question
Just finished rehab on my first property. Wanted to sell but reuse profit from this house into another property using 1031 exchange. Do I need to tale to a professional that handles 1031 exchange before listing property for sale?
Most Popular Reply

The IRS has some bad news for you... You have to pay taxes on flips.
1031 exchange does not apply. You might want to read some basic info on the topic before contacting a professional.