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<p class="MsoNormal"><span style="color:#1F497D">The short answer is only the proceeds of the sale of investment real property can be used in a 1031 tax deferred exchange to acquire other investment real property<o:p></o:p></span></p>
<p class="MsoNormal"><span style="color:#1F497D"><o:p> </o:p></span></p>
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<p class="MsoNormal"><span style="color:#1F497D">Bryce H. Dille<o:p></o:p></span></p>
<p class="MsoNormal"><span style="color:#1F497D">Dille Law, PLLC<o:p></o:p></span></p>
<p class="MsoNormal"><span style="color:#1F497D">2010 Caton Way SW Ste. 101<o:p></o:p></span></p>
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<p class="MsoNormal"><span style="color:#1F497D">Office: 360-350-0270<o:p></o:p></span></p>
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<p class="MsoNormal"><span style="color:#1F497D">Business Entity Creation and Management, Business, Government and Tax Law, Real Estate and Land Use, Residential, Commercial and Condominium Development Real Estate and Commercial Transactions & Closings, Including
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<p class="MsoNormal"><b>From:</b> wsbapt-bounces@lists.wsbarppt.com <wsbapt-bounces@lists.wsbarppt.com>
<b>On Behalf Of </b>betsy@bwattorney.com<br>
<b>Sent:</b> Monday, June 7, 2021 9:49 AM<br>
<b>To:</b> wsbapt@lists.wsbarppt.com<br>
<b>Subject:</b> [WSBAPT] 1031 exchange question<o:p></o:p></p>
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<p class="MsoNormal"><o:p> </o:p></p>
<p class="MsoNormal">I am probably wording this incorrectly or awkwardly at best, but here is my inquiry: Can the proceeds from the sale of a business license (I-502 marijuana license to be exact in this case) be used to buy income property in a 1031 exchange?<o:p></o:p></p>
<p class="MsoNormal"><o:p> </o:p></p>
<p class="MsoNormal">Thanks for any insight provided! <o:p></o:p></p>
<p class="MsoNormal"><o:p> </o:p></p>
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<p class="MsoNormal"><span style="color:#2076E8"><a href="http://www.bwattorney.com/"><span style="color:#2076E8;text-decoration:none">www.bwattorney.com</span></a> |
<a href="mailto:betsy@bwattorney.com"><span style="color:#2076E8;text-decoration:none">betsy@bwattorney.com</span></a> | 206.705.3613 | 5608 17<sup>th</sup> Ave NW, Ste 1181, Seattle, 98107<o:p></o:p></span></p>
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