1031 Basics

Replacing Debt in a 1031

By |2019-05-02T11:03:40-06:00May 1st, 2019|1031 Basics|

You don’t always need new debt   It’s common to read that 1031 exchangers need to “replace their debt” from their relinquished property by taking out new debt on their replacement property. This is sometimes referred to as the “equal or greater debt” rule. However, this isn’t necessarily true. The IRS doesn’t require that you