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Get your taxes done using TurboTax
@Kerryliz8 wrote:
I'm not explaining well. In 2005 I sold house A and in order to defer the capital gain, I bought house be within a couple months as a 1031.
You cannot do that by yourself. Did you use a qualified intermediary (exchange facilitator)?
If you were in receipt of any proceeds, even constructive receipt, then the 1031 exchange failed.
March 5, 2020
2:12 PM
557 Views