Can I take some money out during 1031 exchange? if I can when I can get the money and what tax rate I have to pay in California for the capital gain?
Chosen Answer:
As a 1031 Accommodator with First American Exchange Company, one of the country's largest 1031 Accommodators, let me help answer your questions, 1 at a time.
Firstly, you cannot receive funds once deposited with your Accommodator. Per the g(6) regulations governing 1031 Exchanges, an Accommodator cannot release funds to a client (Exchangor) during an exchange. This would
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