1031 Exchange Question
Is it possible to sell 2 homes through 1031 and apply both proceeds towards the purchase of one large home in return? Thanks! <IMG SRC="images/forum/smilies/icon_rolleyes.gif"> [ Edited by imthegr81 on Date 02/04/2004 ]
Yes, it is. You might check various websites on 1031 exchanges that give some of the restrictions but you can certainly exchange two properties for one and also go the other way -- exchange one property for two.
Regards,
Ed