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1031 Exchanges

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Bing Lin
  • Rental Property Investor
  • New York, NY
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33
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Quitclaim deed and 1031 exchange

Bing Lin
  • Rental Property Investor
  • New York, NY
Posted May 28 2019, 18:49

Hello all, I recently did a quitclaim deed to add my wife to the title (May 2019), if we would like to do a 1031 exchange this year, is there any restrictions that we should consider? Based on my reading of other forum posts, with the same taxpayer identify, both of us will need to be on the same title of the exchanged property, is this right? Thanks for sharing!

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