1031 Client Question

1031 Client Question

Stephen Venuti, CPA, MST Stephen Venuti, CPA, MST

Stephen Venuti, CPA, MST

Wealth Retention through 1031 Exchanges and Tax Planning

发布日期: 2017年5月1日
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How long do I have to wait before I can sell my replacement property?


There is no specific holding period requirement for the replacement property. If you hold the property for 24 months, the IRS will not challenge whether it meets the qualified use requirement. The qualified use requirement us that the property be held for use in your business or for investment. The IRS takes the position that if the replacement property is disposed of before two years that it wasn’t held for qualified purposes. My recommendation has always been to hold it long enough to be reported on your tax return for two years. In our case that would be 2017 & 2018.

Please contact us with any questions at 610-353-0686 or through our website www.newtownsquaretaxservice.com

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