Hi all,
I got your awesome website name from a friend. Just in time as I have a difficult question. I have a condo in Dallas that I want to 1031 exchange. My mom passed away a few months ago. The estate is still in her name. The condo is in my name. There are no other heirs to the estate.?Can I put her home on the market, and buy it with the 1031 exchange? Or can I sell her home to a friend for fmv and then do the 1031 exchange with him? Is this legal? How are taxes affected? I am the executor of the estate. Thanks for any help or ideas. The purpose is to rid myself of the condo and roll over the 60000 of depreciation. Thanks I need help
I got your awesome website name from a friend. Just in time as I have a difficult question. I have a condo in Dallas that I want to 1031 exchange. My mom passed away a few months ago. The estate is still in her name. The condo is in my name. There are no other heirs to the estate.?Can I put her home on the market, and buy it with the 1031 exchange? Or can I sell her home to a friend for fmv and then do the 1031 exchange with him? Is this legal? How are taxes affected? I am the executor of the estate. Thanks for any help or ideas. The purpose is to rid myself of the condo and roll over the 60000 of depreciation. Thanks I need help