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Updated almost 7 years ago,

User Stats

5
Posts
1
Votes
Mike Choukour
  • Sarasota , Fl
1
Votes |
5
Posts

1031 Exchange rental vs. new construction

Mike Choukour
  • Sarasota , Fl
Posted

Hello,

I have a rental condominium in Sarasota and I am considering selling it and buy with the proceeds new construction brand new home that will be ready in November 2018. At the closing of the new home, I will offer it for rental for few year.

I may have about 150k of capital gain on the sale of my condo unit. Is this transaction eligible for 1031 exchange?

Best,

Mike

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