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29
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Tucker Kincaid
  • Rental Property Investor
  • Boone, NC
9
Votes |
29
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How to do a 1031 exchange?

Tucker Kincaid
  • Rental Property Investor
  • Boone, NC
Posted

Hello BP!

Starting the process to do a 1031 exchange. Selling in NC and buying in FL.

What are the starting steps? And how to find the right people to hire?

Thanks!

Most Popular Reply

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3,798
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Natalie Kolodij
  • Tax Strategist| National Tax Educator| Accepting New Clients
4,543
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3,798
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Natalie Kolodij
  • Tax Strategist| National Tax Educator| Accepting New Clients
ModeratorReplied

Second Vote for @Dave Foster

Step 1: Calcualte your correct gain with your Tax pro 

Step 2: Talk to Dave Foster

Step 3: Get with an excellent agent where you're buying  and selling 

Step 4: Start the 1031 exchagne with Dave 

Step 5: List your property 

Step 6: Identify 3 potential replacement properties within 45 days of sale 

Step 7: Close on 1 or more within 180 days rolling over the full amount of gain

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Kolodij Tax & Consulting

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