1031 Exchange Question

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Is it possible to sell 2 homes through 1031 and apply both proceeds towards the purchase of one large home in return? Thanks! icon_rolleyes.gif [ Edited by imthegr81 on Date 02/04/2004 ]

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  • edmeyer5th February, 2004
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    Yes, it is. You might check various websites on 1031 exchanges that give some of the restrictions but you can certainly exchange two properties for one and also go the other way -- exchange one property for two.
    Regards,
    Ed

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