his lawyer stated he could use all the closing costs for the sale of the rental building in 2018 and real estate taxes, for the 1031 exchange is this true? which form does that go on
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I have not done one of these if 20 years. Question: If my client received 50,000 boot through escrow and had 1665. paid directly to the state (mandatory) is that considered cash? He sold a rental for 205,000 and bought a rental for 249000. I hope you can help me step by step. I am hitting a brick wall