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Irshad-khan1
Returning Member
posted
‎June 8, 2022 3:05 PM
last updated ‎June 08, 2022 3:05 PM

031 rental property exchange

When doing 1031 rental property exchange, do you still have to pay depreciation recapture with the exchange or is that differed also?

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ConnieCRA
Employee Tax & Finance Expert
Employee Tax & Finance Expert
‎June 8, 2022 3:32 PM

031 rental property exchange

A 1031 Exchanges allow you to defer both the capital gains tax and depreciation recapture from the sale of a property and invest the proceeds into another “like-kind” property.

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