Dealing with 1031 Real Estate Exchange
Date: Thursday, March 20, 2003 @ 12:41 PM EST
Topic: U Make The Call
We are currently working with a seller that previously purchased his house through a 1031, by exchanging a piece of property plus 8k. We understand that he must wait a full year before selling. That date expires April 4th. What we are not sure of is, are there any other rules or guidlines that we need to follow to ensure that the purchase is complete? Also is there particular paperwork that we needs to tended to? Thank you for your replies, they are greatly appreciated!
Brett
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