Capital Gain and 1031 exchange
do you have capital gain tax liability if the purchase price of the new investment property is less than the net proceeds of the one you are selling in a 1031 exchange? (Net proceed, includes Escrow fees, Title, 6% sales commission, credit to buyer, transfer tax and all the usual fees for recording and ..... which you do not have control over. In this case it was a cash purchase and no financing involved)