James asks…Is it possible to do a 1031 exchange on a property which I plan to sell with lease-option / owner financing?I have a property/home in which I am putting on the market. If I sell the property on a lease-option to buy or owner financing, would I still be able to do a 1031 exchange? If so, then how and when (upon signing the contract or pay-off (2 years))?
Please include details in your answer.
I can also add details if more info is needed to the question.admin answers:I believe 1031 status takes effect when the 1031 trustee
No comments:
Post a Comment