by jacqueline mcdaid on September 17th, 2005

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Can I place my sale profit in a 1031 and for how long?

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by writemyselfaletter on October 17th, 2009
A 1031 exchange (note the word "exchange") is a procedure for swapping like properties and thereby avoiding a sale and capital gains tax. If you actually sell the property, you incur the gain and pay the tax. There is no such thing as placing sale proceeds "in a 1031".
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Can I place my sale profit in a 1031 and for how long?

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