| Ocheda - 5/8/2025 18:59 My wife just sold a retail store building in Minnesota, and we 1031 exchanged it into a 225 acre river farm in Missouri with 20 rotational graze paddocks with high tensile fence , rubber tire Waterers, a house, and an auto body shop. Had to put a lot of extra money in besides store, but it all worked good to avoid capital gain tax on a building she owned for years. Sometime I’ll put some pics on Stock talk, quite an adventure!
If the building was depreciated out, you also didn’t pay income tax on the money she sold the building for.
Nothing against you but that absolutely should not be allowed in a 1031 exchange.
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Missouri capitol gains elimination
