[WSBARP] 1031 for residences????

[Jim Hoff]

No chance under IRC §1031 as it only pertains to “property held for
productive use in a trade or business or for investment.”

 

James B. Hoff

CoRE Law, PLLC

3030 W. Commodore Way, Suite A-302

Seattle, WA 98199

Telephone: (206) 443-1616

Fax: (206) 443-2626

Mobile: (206) 465-1000

Email:  <mailto:jhoff at corelaw.com> jhoff at corelaw.com

Website:  <http://www.corelaw.com/> www.corelaw.com

 

 

From: wsbarp-bounces at lists.wsbarppt.com
[mailto:wsbarp-bounces at lists.wsbarppt.com] On Behalf Of Roger Hawkes
Sent: Thursday, September 08, 2016 4:01 PM
To: WSBA Real Property Listserv
Subject: [WSBARP] 1031 for residences????

 

Is there any chance that a residential house swap can qualify as tax
deferred exchange under 1031 or similar “loophole”??  houses are both 1.4
million and occupied by owners; there is significant gain at risk.

 

Roger Hawkes, WSBA 5173

19909 Ballinger Way NE

Shoreline, WA 98155

www.hawkeslawfirm.com

206 367 5000 voice

206 367 4005  fax

 

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