1031 exchange ???? - Posted by mikesrei

Posted by William Bronchick on July 01, 2008 at 14:41:21:

The rules say the property must have been held for productive use, which is going to be a big red flag if you just bought it. Most 1031 experts agree that a property should be held for at least a year and a day so it shows up on two tax returns, but there’s no rule that specifically says you can’t buy a property then resell it less than a year later in an exchange.

1031 exchange ??? - Posted by mikesrei

Posted by mikesrei on June 30, 2008 at 19:22:21:

I just bought a property a month ago, someone wants to buy it, can I 1031 exchange it? thanks