Can I do a 1031 exchange with money from the sale of a long-term lease?
October 14th, 2008 | by mon-ex |
Steph-B asked:
I have a long-term lease on a large commercial building. I’d like to sell this lease and re-invest the money in the purchase of an investment property. Do I qualify for a 1031 exchange in this case?
ADELA
I have a long-term lease on a large commercial building. I’d like to sell this lease and re-invest the money in the purchase of an investment property. Do I qualify for a 1031 exchange in this case?
ADELA
One Response to “Can I do a 1031 exchange with money from the sale of a long-term lease?”
By Tim F on Oct 14, 2008 | Reply
The production of lease is like kind property for 1031 treatment please repost with additional facts to comply with the other real estate however in this helps.
The leased premises for investment or the other real estate however in this point hope this helps.