Can I use a 1031 Exchange AND a self funded retirement to acquire new property?
Had a house bought and sold as part of a Self Funded Retirement account. Money is sitting there waiting.
Have another house about to close that is self funded outside of the Retirement account.
If I 1031C exchange the self funded house (Titled to my personal name) identify and a new property, have the $$ sit in an intermediary, can I also use the Self Funded Retirement Trust account to purchase new property along with the 1031C exchange?
I assume this will cause complications with how they title the new property.
#1 1031 Exchanges Contributor
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#1 1031 Exchanges Contributor
- Qualified Intermediary for 1031 Exchanges
- St. Petersburg, FL
@Jeffrey A DeAngelis, the 1031 would have no problem with a tenants in common situation with your retirement account. However you need to work with your custodian. That is where it will get tricky.
Thank you. Thought a may have made a huge mistake with my planning.
Have you considered exchanging into a DST?