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1031 Exchanges

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Maria A A.
  • Investor
  • Reno, NV
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105
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Calculating Net Proceeds needed to buy replacement property

Maria A A.
  • Investor
  • Reno, NV
Posted Apr 24 2017, 09:39

Is there a way to legally factor in valid selling expenses like painting, carpeting, new appliance, etc which were paid prior to escrow to reduce the net amount of property you need to replace as part of a 1031 exchange? Excluding these costs actually overstates the amount of ACTUAL net proceeds you receive from your 1031 exchange.

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