[WSBARP] 1031 Exchange of Vacation or secondary Home

[Nestor Gorfinkel]

That is what I always understood. PC insisted that the exchange company said it was ok. I told them that exchange companies do not provide tax advice and told them to dicuss with their CPA.

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________________________________
From: wsbarp-bounces at lists.wsbarppt.com <wsbarp-bounces at lists.wsbarppt.com> on behalf of Craig Gourley <craig at glgmail.com>
Sent: Friday, July 12, 2019 11:11:36 AM
To: WSBA Real Property Listserv
Subject: Re: [WSBARP] 1031 Exchange of Vacation or secondary Home

Vacation yes, certain special rules apply. Second home no. Key is asset must be held for income or investment purposes. Can't be entirely for personal use. Give me a call with any 1031 questions.  I have been teaching it nationally since 1987. Thanks, Craig 360 568 5065

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From: wsbarp-bounces at lists.wsbarppt.com <wsbarp-bounces at lists.wsbarppt.com> on behalf of nestor at pplsweb.com <nestor at pplsweb.com>
Sent: Wednesday, July 10, 2019 4:53:41 PM
To: 'WSBA Real Property Listserv'
Subject: [WSBARP] 1031 Exchange of Vacation or secondary Home

Are 1031 Exchanges done with vacation or secondary Homes?


Nestor Gorfinkel, Attorney at Law
Admitted to practice law in Washington & Florida
Florida Civil-Law (International) Notary
Puget Property Legal Services
2018 156th Ave NE
Bellevue, WA 98007
Tel. (425) 961-0519
Fax. (888) 522-3601


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