Posted 5/5/2021 18:46 (#8989070 - in reply to #8988834) Subject: RE: Too late for 1031 exchange?
midatlantic
One misconception with 1031s is that you save taxes. You just delay paying the capital gains tax. So the farm you bought you would have a lower basis if you did 1031. In other words you would be taxed when you sell the second farm you just bought. I think I'm right about this.
Too late for 1031 exchange?
