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1031 Exchanges

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Ramon Olmos
  • Sylmar, CA
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Did I miss the boat?

Ramon Olmos
  • Sylmar, CA
Posted Oct 3 2016, 06:30

Hello all.  A couple years ago I sold my SIngle family rental and bought a duplex with the proceeds.  Being a newbie and working with an inexperienced realtor, my transaction failed to go through the 1031 exchange process.  I've talked to a couple tax professionals since then and been told that that boat has already sailed.  Lord knows I won't be making that same mistake again. 

I wish I would of known about this forum back then, It would of helped me a lot. Thank you all

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