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Updated 7 months ago on .
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Exchange (1031/1033) expert on.Bigger Pockets?
I know there's someone who is an expert here on this subject. I have a property that burned down and may consider doing an exchange (if needed) with cash leftover from paying off mortgage.
Can someone send contact info?
Thanks
Gloria Vega
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Dave Foster
Tax & Financial Services
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- Qualified Intermediary for 1031 Exchanges
- St. Petersburg, FL
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@Carini Rochester, thanks for that kind shout out. Unfortunately @Gloria C. this happened to you. Fortunately, you will be able to to a 1033 exchange into new property and avoid any tax on the gain. You do not need a QI as in a 1031 exchange. And the rules are quite relaxed. Your accountant will guide you through.
- Dave Foster
The 1031 Investor
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