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All Forum Posts by: Benjamin Weinhart

Benjamin Weinhart has started 2 posts and replied 111 times.

1031 Exchanges

Post: Can I pay off rental property loan as part of 1031 exchange

Benjamin Weinhart
Posted
  • Accountant
  • Cincinnati OH 45245, USA
  • Posts 112
  • Votes 112

Joseph is correct, to qualify for a like-kind exchange, you'd need to use the proceeds of the sale to purchase similar property within a reasonable timeframe in order to not recognize a gain from the sale.

2 Votes