I sold a 2 family house to buy a 4 family house, but the attorney didn't apply for the 1031 exchange. If the 4 family house costs more then the 2 family and is purchased within the 6 month window, or same calendar year, will I have to pay capital gains tax. I owned the 2 family house for over 10 years prior to selling and I have a gain of 175K, which is being applied to the 4 family house.
- posted
7 years ago