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Kentucky 1031 Exchange Requirements


Kentucky 1031 Exchange Requirement

To fully defer all capital gains taxes, all kentucky 1031 exchanges must meet four separate requirements:

  • First, 100% of all proceeds from the sale of the first kentucky investment real estate must be reinvested into the second, replacement kentucky investment real estate.

  • Second, the amount of equity ( kentucky investment real estate value minus loan value) of the replacement kentucky investment real estate must be equal to or greater than that of the relinquished kentucky investment real estate.

  • Third Kentucky 1031 Exchange Requirement: exchangers must use a Qualified Intermediary. An Intermediary will hold the funds and provide technical experience to maintain the integrity of the exchange.

  • Fourth Kentucky 1031 Exchange Requirement: Exchanged kentucky investment real estate must be like kind. The IRS definition of Like-Kind is any kentucky investment real estate held for productive use in a trade or business or held for investment purposes.

    The successful completion of a kentucky 1031 exchange into TIC ownership is best facilitated by a kentucky 1031 realtor who specializes as a Replacement kentucky investment real estate Specialties. Contact us today to complete your kentucky 1031 exchange.