MysticEchoFirefly
Fri Aug 09 2024
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5 answers
1440
How do I add property to a 1031 exchange?
Hello there, I'm curious about how one might go about adding property to a 1031 exchange. I understand that this type of exchange allows investors to defer capital gains taxes on the sale of investment properties by reinvesting the proceeds into a like-kind property within a certain timeframe. However, I'm a bit unsure about the process of actually adding a new property to the exchange. Could you please elaborate on the steps involved and any potential pitfalls or considerations I should be aware of?
