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1031 Exchanges

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54
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Cedric Van Duyn
  • Rental Property Investor
  • Gig Harbor, WA
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54
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1031 Exchange it No?

Cedric Van Duyn
  • Rental Property Investor
  • Gig Harbor, WA
Posted Apr 11 2018, 19:44
Hey BP Community, We have a home that has been in the family and has not been declared as a rental for tax purposes due to various family members and friends living in it. It has come time to sell, and the question is whether or not we need a 1031 Exchange in order to avoid Capital Gains Tax? Thank you so much for any help!! Cedric

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