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Too late for 1031 exchange?
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pigfarmer82
Posted 5/5/2021 15:20 (#8988854 - in reply to #8988834)
Subject: RE: Too late for 1031 exchange?


north central Ohio
If your intent was to buy another piece from the beginning you needed to have it all lined up to do it right. I assume you didn’t plan on buying another property by the sound of it and therefor didn’t set anything up on sale originally? Their is something also called a reverse 1031. Might look it up. I am no expert but Dad did one a couple years ago like you want to do but he lined up a buyer before he bought another piece at auction. So all went smoothy.
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