aytaxservices
Level 3
03-27-2022
07:10 PM
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My client purchased a new rental property in January 2021 but sold another rental property in March 2021, can I still do 1031 Like Kind Exchange for him
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dascpa
Level 12
03-27-2022
07:16 PM
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Not unless it was a 1031 exchange at that time. There are many rules including use of a 3rd party intermediary for the funds, identification dates and replacement dates. 1031's are not retroactive.
aytaxservices
Level 3
03-27-2022
07:23 PM
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thank you
