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1031 Exchanges
HomeForums1031 ExchangesWould you do a 1031 in this market?
Todd L.'s profile image
Todd L.'s profile image
Todd L.
  • Member since Jul 18, 2020
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Todd L.'s profile image
Todd L.'s profile image
Todd L.
  • Member since Jul 18, 2020
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Todd L.
5
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11
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1031 Exchanges

Would you do a 1031 in this market?

Todd L.
Posted Aug 21 2020, 04:08

Closing on the sale of a property in 3 weeks and trying to finalize whether or not I should do a 1031 or not.

I’ve discussed with my accountant and If I don’t, capital gains would be just under $30K.

I’m based in RI, and the multi family market is hot at the moment, which makes me feel like I’ll easily spend the $30K I’d “save” by deferring it with the 1031due to higher home prices vs waiting until 2021. I know we can’t predict the future, but any thoughts?

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