If I sell a rental property in March and then purchase a rental property in April, can I use the 1031 Exchange to defer the gain in the sale with using an inter-mediator?
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If you got the money from the sale (rather than have it held in an escrow account with an intermediary), its too late to do a 1031 exchange.
Who took possession of the funds in the interim? From:
https://www.1031exchange.com/faq/
If you got the money from the sale (rather than have it held in an escrow account with an intermediary), its too late to do a 1031 exchange.
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