Questions for 1031 exchange
1. Can I sell a rental residential property and exchange it for a business (
example restaurant business)?
Would such an exchange qualify for a 1031 exchange?
Pls not in a business, I will NOT be buying the Real Estate. Only the
2. Can I buy the business first and within a few months later sell the rental
property and use the 1031 exchange?
Because it is difficult to time both transactions at the perfect time.
3. Are there any rules re: 1031 exchange of residential property to a business?
Is the entire business qualified for a 1031 exchange or is it only the Goodwill
(I will NOT be buying the Real Estate. Only the Operations)
Your help would be highly appreciated.
Thank you in advance,
- posted 7 years ago
-- > >
Click to see the full signature