@chutki0700 wrote:
Can I buy another rental property through 1031 exchange using a proper intermediate 1031 exchange company. Then sell it off in 1 year?
Yes, you can do a 1031 exchange and then sell the replacement property after one year but you need to understand that you will have to recognize any capital gain (and recapture) at the time of that sale (i.e., for that tax year).
A 1031 exchange only delays recognition of gain, it does not eliminate it forever.
