Posted by JHyre in Ohio on September 22, 2003 at 14:28:52:
2 years + is ideal.
John Hyre
Any 1031 Holding Period? - Posted by Porter
Posted by Porter on September 21, 2003 at 06:17:34:
I used a 1031 exchange to sell one single family residence rental and buy three replacement rental properties. There was a lot of equity in, and little financing on, the relinquished property. I bought two of the replacements for all cash (from sale of the relinquished property) and bought the third with the remaining cash plus financing greater than what was on the relinquished property. So, all taxes on capital gains were deferred. All of the transactions associated with this 1031 exhange are now completed. A couple of questions:
Re: Any 1031 Holding Period? - Posted by JHyre in Ohio
Posted by JHyre in Ohio on September 22, 2003 at 14:28:02:
John Hyre
Re: Any 1031 Holding Period? - Posted by Steve
Posted by Steve on September 21, 2003 at 20:11:20:
see http://www.creonline.com/legal/wwwboard7/messages/8298.html
Re: Any 1031 Holding Period? - Posted by Gary
Posted by Gary on September 21, 2003 at 11:39:17:
Hi, I would like to add to this question. We have just consolidated our property holdings, and we sold two rentals to buy one, using 1031s. We would eventually like to move into the one we just bought, then sell it to avoid capital gains on all three rentals. (And we know we would pay recapture.) We also would like to know the length of time you have to hold a rental property acquired with a 1031. Thanks, Gary