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1031 Exchanges

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59
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Paul D.
  • Investor
  • Knoxville, TN
21
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59
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1031 exchange just profits or all proceeds

Paul D.
  • Investor
  • Knoxville, TN
Posted Oct 8 2016, 15:26

I bought a house for 60k and am selling this month net me 80k and want to do a 1031 exchange. Do I have to escrow the 20k profit only or the whole 80k proceeds from the sell? Do I have to buy a property to defer taxes for 80k or more or just 20k?

I buy and hold and never have had to deal with selling a house and deferring taxes.

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