04-07-2005, 06:36 AM
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 Re: 1031 Exchange on inherited property "SkippyLa" <robbroecker[at]yahoo.com> wrote: - quote - > My siblings and I inheritied property from our deceased
A 1031 exchange is probably not necessary (unless the> 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. property appreciated a lot since the date of death). But if you insist, you can do it with your undivided portion of the property. -- Tom Healy, CPA Boulder, CO Web: http://www.tomhealycpa.com << -------------------------------------------------> << The Charter and the Guidelines for submitting > << messages to this newsgroup are at www.asktax.org > << -------------------------------------------------> |
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#-1
04-06-2005, 02:59 PM
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| 1031 Exchange on inherited property 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. << -------------------------------------------------> << The Charter and the Guidelines for submitting > << messages to this newsgroup are at www.asktax.org > << -------------------------------------------------> |
| Tags |
| 1031, exchange, inherited, property |
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