Can I combine multiple relinquished properties into one replacement property?
Yes. But remember that the exchange starts at the time your first relinquished property sells, and you will have to sell ALL of the relinquished properties before you can acquire a replacement property within a 180-day period. You can also sell one relinquished property and obtain multiple replacement properties under one exchange agreement.
Related Questions
- Can a taxpayer purchase the replacement property in a different name/entity than the entity which owned the Relinquished Property?
- When I exchange 1031 properties, should I give carryback financing to the purchaser of my relinquished property?
- Can I combine multiple relinquished properties into one replacement property?
