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1031 Exchanges
Account Closed
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Can I 1031 my earnings from a partner deal?

Account Closed
Posted Apr 9 2020, 19:43

I have a question about the 1031 process.  If I have a partner, and we buy a lot and build a house out of pocket, then we sell and clear $100k each, can I 1031 my earnings into a local 4-plex?  I don't really need the cash, so avoiding taxes for a few year's worth of transactions would be ideal before making any draws.  When I read through the guidelines, it said that the owner and taxpayer had to be the same, and I didn't see any provisions to complete what I'm asking.

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