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1031 Exchanges

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Robert Lorenz
  • Phoenix, AZ
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208
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Question from seller

Robert Lorenz
  • Phoenix, AZ
Posted Nov 15 2016, 08:25

I have a seller who wants to know if we could roll the equity from the sale of his rental into another rental that he owns without paying capital gains.  I'm not sure how or if a 1031 could apply in this situation, can anyone give me some insight?  Does he have to use it for a new purchase?

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