Wednesday, November 9, 2011

Is there a way to use a 1031 exchange from the sale of a property to paydown what is owed on another property?

Let's say you sell a home and the gain is 0,000. At the same time you have a property that you own but you owe 0,000 on. Is there a way to roll the 0,000 gain into a property that you already own to bring the balance down to 0,000 and avoid capital gains tax? If not a direct way, is there an indirect way to accomplish both avoiding capital gains tax and paying down what is owed on your other property?
Let's say you sell a home and the gain is 0,000. At the same time you have a property that you own but you owe 0,000 on. Is it possible to roll

1031 Exchange Requirements...Read More...

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