Dec

12

Can two home owners submit a 1031 property exchange if the properties are geographically separated?

Filed Under Home :: Real Estate 

ujenfo asked:


I’m buying a house in New Mexico and a friend has a house in Oregon. Can we submit a 1031 property exchange. What legal ramifications are there if any?

Ruth
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  • Can I use the 1031 Exchange if im selling one property for a higher value property? Im buying in incriments?
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    • Comments

    No Responses to “Can two home owners submit a 1031 property exchange if the properties are geographically separated?”

    1. mapleguy on December 13th, 2010 11:12 am

      It does not appear tht geographic location plays any part.
      See

    2. Garden by M on December 16th, 2010 2:53 pm

      are you an investor??? Why would you want to exchange your homes? There are no cap gains for the sale of your home less than 250,000 for a single, 500,000 for marrieds.

      1031 is trading for “like” property, has nothing to do with location