I acquired property in a 1031 exchange, but added extra cash to complete the purchase. Do I report this as an exchange or a purchase?

posted

Connect with an expert

1 Best answer

Accepted Solutions

I acquired property in a 1031 exchange, but added extra cash to complete the purchase. Do I report this as an exchange or a purchase?

You report it as an exchange. you will be asked for any additional property or cash contributed in the exchange.

View solution in original post

1 Reply

I acquired property in a 1031 exchange, but added extra cash to complete the purchase. Do I report this as an exchange or a purchase?

You report it as an exchange. you will be asked for any additional property or cash contributed in the exchange.

Still have questions?

Questions are answered within a few hours on average.

Post a Question

*Must create login to post