In which tax year should I include this transaction?

Feb 25, 2017 0 Replies

In which tax year should I include this transaction?



I did a Reverse 1031 exchange transaction.



Purchased a property in late July in 2016 and sold my property in Jan 2017 within the 180 days time limit.



Do I have to include this transaction in my 2016 Federal taxes or should it be my 2017 taxes?



Are there any peculiar rules or time deadlines for this transaction?


Join the Discussion

Have something to add? Share your thoughts — no account required.

Didn't find your answer?

Ask the community — no account required