Is a 1031Exchange an option?
Is this scenario an option for a 1031?
- Three owners of Two commercial real estate properties
- owner A has been unwilling to sell, buy out owner B and C or lease one empty property, emptied out bank account sabotaging the company.
- the Corp is being dissolved via court ruling at auction
Can owner B and C 1031 that from the auction into another property?
Can they buy the two properties back at auction using 1031 exchange?