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New Member
posted Jul 9, 2025 3:28:55 PM

1031 exchange - like for like property. does the tax bias also come into play when determining your property exchange?

for example - if my like-for-like property needs to be $1.3m, will I be able to reduce that amount by calculating my tax bias for costs incurred selling the relinquished property?

0 1 1986
1 Replies
Level 15
Jul 9, 2025 4:33:38 PM

yes. if you read the instructions they go either on line 15 or 18 of form 8824