|
||||
| | ||||
Posted by Bob H on June 21, 2002 at 01:15:10:
In Reply to: 1031 Exchange Question posted by Tim Williams on June 20, 2002 at 21:37:34:
As a general rule, the replacement property ("B") has to be of equal or greater value than the exchange property ("A") to qualify for tax deferred status.
I think there is a provision in the tax code that allows you to adjust the value of "B" via capital improvements made within a specified time frame after purchase, but I don't know the details. Check with a good CPA.
