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<p class="MsoNormal">Co-ownership is not an issue as long as the “Seller” is an owner-buyer of the exchanged property. That said make sure it is a like-kind exchange and they are not buying a residence from the proceeds of an investment property. Speak to the
exchange company.<o:p></o:p></p>
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<p class="MsoNormal"><span style="font-size:11.0pt">Cordially,<o:p></o:p></span></p>
<p class="MsoNormal"><span style="font-size:11.0pt"><o:p> </o:p></span></p>
<p class="MsoNormal"><span style="font-size:11.0pt;color:black">Nestor Gorfinkel, Attorney at Law<o:p></o:p></span></p>
<p class="MsoNormal"><span style="font-size:11.0pt;color:black">Licensed in Florida & Washington State<o:p></o:p></span></p>
<p class="MsoNormal"><span style="font-size:11.0pt;color:black">Florida Civil-Law (International) Notary<o:p></o:p></span></p>
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<p class="MsoNormal"><b><span style="font-size:11.0pt;font-family:"Calibri",sans-serif">From:</span></b><span style="font-size:11.0pt;font-family:"Calibri",sans-serif"> wsbarp-bounces@lists.wsbarppt.com <wsbarp-bounces@lists.wsbarppt.com>
<b>On Behalf Of </b>Catherine Clark<br>
<b>Sent:</b> Wednesday, May 1, 2024 2:12 PM<br>
<b>To:</b> WSBA Real Property Listserve <wsbarp@LISTS.WSBARPPT.COM><br>
<b>Subject:</b> [WSBARP] 1031 Question<o:p></o:p></span></p>
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<p class="MsoNormal"><span style="color:black">All:<o:p></o:p></span></p>
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<p class="MsoNormal"><span style="color:black">May a person who elects a 1031 Exchange, use the proceeds from the sale of the first property to purchase the second property with another person? If so, what are the rules for such a process.<o:p></o:p></span></p>
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<p class="MsoNormal"><span style="color:black">All direction appreciated.<o:p></o:p></span></p>
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<p class="MsoNormal"><span style="color:black">Thank you.<o:p></o:p></span></p>
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<p><span style="font-family:"Copperplate Gothic Light",sans-serif;color:black">Catherine “Cat” Clark<br>
Law Office of Catherine C. Clark PLLC</span><span style="font-size:11.0pt;font-family:"Calibri",sans-serif;color:black"> </span><o:p></o:p></p>
<p style="background:white"><span style="font-family:"Copperplate Gothic Light",sans-serif;color:#1F3864">110 Prefontaine Place South, Ste. 304</span><span style="font-size:11.0pt;font-family:"Calibri",sans-serif;color:black"> </span><o:p></o:p></p>
<p style="background:white"><span style="font-family:"Copperplate Gothic Light",sans-serif;color:#1F3864">Seattle, WA 98104</span><span style="font-size:11.0pt;font-family:"Calibri",sans-serif;color:black"> </span><o:p></o:p></p>
<p style="background:white"><span style="font-family:"Copperplate Gothic Light",sans-serif;color:black">Phone: (206) 409-8938<br>
Email: <a href="mailto:cat@loccc.com">cat@loccc.com</a><br>
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</span><span style="font-family:"Times New Roman",serif;color:black"> </span><o:p></o:p></p>
<p style="background:white"><span style="font-size:10.5pt;font-family:"Copperplate Gothic Light",sans-serif;color:#1F497D">NOTICE: The information contained in this electronic information transmission is confidential. If you are not the intended recipient,
or the employee or agent responsible for delivering it to the intended recipient, you are hereby notified that any use, dissemination, distribution or copying of this communication is prohibited. If you received this communication in error, please immediately
notify the sender by telephone at (206) 409-8938. Thank you.</span><span style="font-size:11.0pt;font-family:"Calibri",sans-serif;color:black"> </span><o:p></o:p></p>
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