I've seen a few different articles online about this with conflicting calculations but basically what is my basis for this 1031 exchange here:-Bought a house for 63,240 paid in cash.-Sold for 150K.-After expenses my c...

Can I use my 1031 exchange money to invest in several other properties as long as the total amount I invest equals the net amount I exchanged? In other words, can I buy more than one property with the exchange money?

My parents are selling multi-unit (10) apartments, which is part of an LLC.  The LLC consists of my parents and a family member who recently passed away, and the property is fully paid off.  When its sold, can the fun...

My wife and I are currently in the process of creating a trust which will hold all of our long term rentals. I am also looking to sell one of my out of state properties. I contacted my exchange company to set up my 10...

Hi! I am working with an investor who has sold a property and is now looking to buy a property to do an exchange. He identified 3 properties within the 45 days and now the deadline is past. But now, none of those prop...

I'm somewhat familiar with the tax advantages of a 1031 exchange. It's awesome that the government put this act into effect but I do have some questions about the full process. My current understanding: in order to av...

Hello,I rented my primary home for a few months before deciding to sell it.  This sale would not qualify for 1031 exchange right?  How long do you have to rent a property before it is considered an investment property?  

How are two tax years treated with a 1031 exchange? You acquire in 2006 but your holding period of 180 days ends in 2007. Is the same IRS Form filed out in the first year with partial information and completed in t...

A friend inherited his grandmother's property through his mother's estate. He'd like to sell in the Spring and is asking about a 1031.I think since it is inherited, the cost basis is reset to today's value, and he can...

I'm new to this site and am enjoying all of the information provided!  I currently own a property in, what I believe, is a hot market.  I would like to sell it and purchase multiple properties in a better cash flowing...