1031 Exchange
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We recently fell out of a 1031 exchange, and will need to pay capital gains tax on the sale of one of our residential buildings. While it’s a bit disheartening, it’s not the end of the world. A person at work was …
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I read somewhere a possibly important factoid about failed 1031 exchanges: If your 1031 exchange fails, you will not see your money until day 181 from the close of the relinquished property. If you have money left over, …
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Correction 2024-07-29: the article says that the debt in a 1031 exchange needs to be replaced with debt. This is not correct, or rather not fine-grained enough. The debt value can be replaced by other things as well: …