Answered: I have a client that did a 1031 exchange for partial ownership of a new property. Is partial ownership allowed for a 1031 exchange?

laura1 · ‎12-06-2019

George4Tacks · ‎12-06-2019

Yes, provided it is like kind. Tenants In Common is a fairly common real estate exchange. I get rid of my building in exchange for X% of a shopping center.

Answers are easy. Questions are hard!

View solution in original post

George4Tacks · ‎12-06-2019

Yes, provided it is like kind. Tenants In Common is a fairly common real estate exchange. I get rid of my building in exchange for X% of a shopping center.

Answers are easy. Questions are hard!

I have a client that did a 1031 exchange for partial ownership of a new property. Is partial ownership allowed for a 1031 exchange?

©1997-2024 Intuit, Inc. All rights reserved.

Intuit, QuickBooks, QB, TurboTax, and Mint are registered trademarks of Intuit, Inc. Terms and conditions, features, support, pricing and service options subject to change without notice.

By accessing and using this page you agree to the Terms and Conditions.