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1031 Exchanges

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Kevin Olson
  • Danvers, MA
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1031 Exchange rules/Laws - Owning for less than 1 yr

Kevin Olson
  • Danvers, MA
Posted Feb 11 2016, 10:31

Hello BP, 

General question on 1031 exchange. I've read up on a lot of the details but I'd love a definitive answer to a unique case I'm working with. 

Purely investment property mixed retail/residential, bought in October 2015, buyer off market offer on property recently with sale price that would trigger ideal 1031exchange. Is a 1031 exchange legal if the current owner has only had it for 5 months?

Thanks, any feedback would be greatly appreciated!

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