[WSBARP] 1031 Exchange of Vacation or secondary Home

[nestor at pplsweb.com]

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
advised them to discuss with their CPA. 

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From: wsbarp-bounces at lists.wsbarppt.com
<mailto:wsbarp-bounces at lists.wsbarppt.com>
<wsbarp-bounces at lists.wsbarppt.com
<mailto:wsbarp-bounces at lists.wsbarppt.com> > on behalf of Craig Gourley
<craig at glgmail.com <mailto: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
<mailto:wsbarp-bounces at lists.wsbarppt.com>
<wsbarp-bounces at lists.wsbarppt.com
<mailto:wsbarp-bounces at lists.wsbarppt.com> > on behalf of nestor at pplsweb.com
<mailto:nestor at pplsweb.com>  <nestor at pplsweb.com <mailto: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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