[WSBARP] 1031 for residences????
Jim Hoff
listserv at corelaw.com
Thu Sep 8 16:19:09 PDT 2016
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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