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Too late for 1031 exchange?
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motherlover
Posted 5/5/2021 15:41 (#8988869 - in reply to #8988834)
Subject: RE: Too late for 1031 exchange?


NE IA
What I do know is that if the two transactions are not done at the same time, a third party needs to hold the proceeds from the sold land until the new land is purchased. Essentially one should not at any time take possession of the funds from a land sale, it needs to get funneled to the new property indirectly through you.
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