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That said - I would caution that in the current market, purchasing the replacement property is probably the more difficult part of a 1031. I would want to be sure to have a replacement lined up before listing the current property.

AJ


With it being such a sellers market where we are, I was most tempted by a "Reverse Exchange":

Reverse Exchange
It’s also possible to buy the replacement property before selling the old one and still qualify for a 1031 exchange. In this case, the same 45- and 180-day time windows apply.1

To qualify, you must transfer the new property to an exchange accommodation titleholder, identify a property for exchange within 45 days, and then complete the transaction within 180 days after the replacement property was bought.


https://www.investopedia.com/financial-edge/0110/10-things-t...

IP
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