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Updated almost 4 years ago on . Most recent reply

User Stats

19
Posts
12
Votes
Clay Massey
  • Rental Property Investor
  • Vail, CO
12
Votes |
19
Posts

Do I Need A Tax Deferred Exchange?

Clay Massey
  • Rental Property Investor
  • Vail, CO
Posted

Scenario:

Inherited a singe family home 12 years ago (owned equally between 3 parties). One of those years it was rented to a tenant (8 years ago). All other years the house was simply a mountain getaway for the family. 

The house is currently under contract to be sold. If and when the sale is final, should I plan for a 1031? I already have a plan to reinvest the funds back into real estate within 90 days post closing.

Any personal stories, experience or advice or truly appreciated. Please, let me know if you need more details related to my specific situation. Thanks BP

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