1031 Exchange on inherited property


S

SkippyLa

My siblings and I inheritied property from our deceased
parents. Each of the four of us has a 1/4 share of the
estate. I would like to sell my 1/4 share and use a 1031
exchange to purchase investement property. Is this a
possibility?

I'd appreciate any help or advice.
 
Ad

Advertisements

T

Thomas Healy

SkippyLa said:
My siblings and I inheritied property from our deceased
parents. Each of the four of us has a 1/4 share of the
estate. I would like to sell my 1/4 share and use a 1031
exchange to purchase investement property. Is this a
possibility?

I'd appreciate any help or advice.
A 1031 exchange is probably not necessary (unless the
property appreciated a lot since the date of death). But if
you insist, you can do it with your undivided portion of the
property.
 

Ask a Question

Want to reply to this thread or ask your own question?

You'll need to choose a username for the site, which only take a couple of moments. After that, you can post your question and our members will help you out.

Ask a Question

Similar Threads

1031 Exchange on Investment Property 2
1031 exchange 3
1031 exchange 2
1031 exchange 1
1031 Exchange 17
USA 1031 exchange 0
1031 Exchange 0
1031 exchange 5

Top