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Michael Neves
  • Rental Property Investor
  • Massachusetts
2
Votes |
18
Posts

1031 Exchange good for only new assets or can be use to pay off..

Michael Neves
  • Rental Property Investor
  • Massachusetts
Posted Sep 17 2020, 13:10

Can i use the 1031 exchange to pay off another property instead of using the money to buy a new one?

Im selling one of my properties and i do not want to pay taxes on it. so i was thinking if i could just use the money to pay off my other property.

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