1031 Exchange Questions - Selling more then One Property

What if I want to sell more than one property? Can I still use a 1031 Exchange?

In situations where the taxpayer is selling multiple properties, it must be determined whether the taxpayer intends to engage in several exchanges, or combine the funds in order purchase a property of greater value.  If multiple properties will be combined to purchase one property it is important to note that the 45 and 180 day timelines will begin on the closing of the first relinquished property and will not reset when the other properties close.  The practical meaning of this is that the closing of the relinquished properties should take place in as short a timeframe as possible.  This technique can be a great way to consolidate real estate holdings and defer taxes at the same time.

Contact the 1031 Exchange Specialist or call us at 866-405-1031