- Mark as New
- Bookmark
- Subscribe
- Subscribe to RSS Feed
- Permalink
- Report Inappropriate Content
How long do we have to reinvest vacant land sale proceeds before reporting as capital gain?
Topics:
1 Best answer
Accepted Solutions
- Mark as New
- Bookmark
- Subscribe
- Subscribe to RSS Feed
- Permalink
- Report Inappropriate Content
How long do we have to reinvest vacant land sale proceeds before reporting as capital gain?
If you have touched the check then it is too late already ... a 1031 exchange had to be set up prior to the sale with a third party who would hold the proceeds in trust until the next property could be purchased.
1 Reply
- Mark as New
- Bookmark
- Subscribe
- Subscribe to RSS Feed
- Permalink
- Report Inappropriate Content
How long do we have to reinvest vacant land sale proceeds before reporting as capital gain?
If you have touched the check then it is too late already ... a 1031 exchange had to be set up prior to the sale with a third party who would hold the proceeds in trust until the next property could be purchased.
Still have questions?
Make a post
Or browse the Forums