[WSBARP] 1031 Exchange

[John L]

Good Afternoon,

 

 

I have a client who is selling a business which includes buildings on leased
ground.  The buyer has negotiated a new lease with the ground owner.  The
sale does not include any value for the lease.  The 1031 exchange
facilitator believes that the building sale proceeds may not be part of the
1031 exchange because the original ground lease was for a period less than
30 years. 

 

Thank you for your opinions. 

 

 

 

Thank you. 

 

John H. Loeffler

 

 

 

 

 

Olson Loeffler Law Group, P.S.

8414 N. Wall, Suite A

Spokane, Wa 99208-6171

Phone: 509.467.6767

 <mailto:JohnL at Ollps.com> JohnL at Ollps.com

 

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