Huh22
New Member

Investors & landlords

Just making sure that this is correct.  ALL failed 1031 transactions are taxed in the year in which the sale takes place?

 

I sold a property on 11/15/21, identified three properties, all of which fell through in 2022.  I received my funds from the intermediary in May 2022.  I'm reading that I can elect to take the gain in either 2021 or 2022.  Is that not correct?