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1031 Exchanges

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Sarah Brown
  • Lender
  • Reno, NV
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1031 exchange. Not full value - how is this handled?

Sarah Brown
  • Lender
  • Reno, NV
Posted Sep 10 2017, 21:25

- Relinquished property sales price $205k (original purchase price of $97k)

- Replacement property #1 - $170k sales price 

Question:  can I just be taxed on the difference or do I have to exceed $205k in replacement propertie(s) to receive ANY deferral?

Perhaps I'm not asking it right because I'm getting looping answers between my lawyer/CPA/intermediary.  I prefer to not buy another as my home market is sky high.  Thanks in advance!

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