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Updated over 7 years ago on . Most recent reply presented by

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277
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91
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Buddy Holmes
  • Investor
  • North Charleston, SC
91
Votes |
277
Posts

Inheritance of a 1031 replacement property that is in joint title

Buddy Holmes
  • Investor
  • North Charleston, SC
Posted

My wife and I have completed a 1031 exchange of a property we owned in joint title.  The replacement properties are also held in joint title as required.  In our estate planning the question is upon the death of one of us, the other becomes sole owner but what happens to the property basis?

Cheers,

Buddy

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