1033 Exchange
I am in the process of buying a duplex which is an illegal structure. I want the dirt, and have a waiver letter from the city that they will not enforce the violation, if we start the redevelopment process w/in 90 days.
Can I ask the city to condemn the existing structure that I can get the benefit of a 1033 exchange?
Does anyone have a reference to the requirements for 1033, most I found on the net were vague.
Comments(0)