sjrcpa
Level 15
06-02-2021
07:16 PM
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What if the 1031 exchange is written up as a purchase of 1/2 the duplex?
Could each 1/2 of the duplex be sold separately? If so, they 1031 one unit. They buy the other unit with a separate contract.
How much gain are we talking about? A $225K sale price is not a lot. There will be a lot of costs.
The more I know the more I don’t know.