I am considering selling some real-estate and investing in more expensive real-estate. My situation seems to conform with all the rules I've read but the rules I've seen are silent on one key issue that I fear might prevent compliance. I want to transfer the funds to build a rental property on land I already own. Assuming the cost of the building (not including the value or cost o the land) exceeds the proceeds from sold real-estate, can I do a like-kind exchange and if so, are there any special precautions or steps I must take?
Federal Taxes: 1031 Like-Kind Exchanges Involving Building on Land I Already Own
Aucun commentaire:
Enregistrer un commentaire