Submitted by ScrollinMyLifeAway t3_11au3xn in LifeProTips
neildmaster t1_j9v4kmy wrote
1035 exchange. You would have to roll the proceeds into another property. I think you have like 30 days to identify it and maybe 90 days to close on the new purchase. No tax due and your basis steps up to current property basis, I believe.
stealthdawg t1_j9vkr6f wrote
1031*
ScrollinMyLifeAway OP t1_j9vekxa wrote
Hearing similar - thank you
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