Read more about the article Exchange Timelines
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Exchange Timelines

There are no actual holding rules given by the IRS. Many tax advisors advise that the property be held at least 12 months prior to the exchange. The amount of time the property is held is not the only thing the IRS looks at when determining the validity of a 1031 Exchange. Another important factor is the intent to hold the property for business or investment use.

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Read more about the article Can I buy a new property before selling my old one?
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Can I buy a new property before selling my old one?

Yes, you can buy a new property before selling the old property and still qualify. This is called a "reverse" exchange. The qualified intermediary takes title to the new property you buy and holds it for you until you sell your old property.

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Read more about the article Do I have to spend everything in my 1031 account?
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Do I have to spend everything in my 1031 account?

No, you do not have to spend all of your funds. However, any amount not spent will be considered cash boot and will be subject to capital gains taxes and any applicable recaptured depreciation.

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Read more about the article Can I finance the sale of my property (seller carry back note)?
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Can I finance the sale of my property (seller carry back note)?

Yes. However, to have a full tax-deferred exchange all notes must be paid by the buyer and the acquired property must close within the 180 day period.

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