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1031 exchange:
Existing Mortgage

Steven, May I apply 1031 funds from a condo rental sale to an existing mortgage on the building I use for my professional business?

Dear Ralph: The IRS does not consider that sale of one property and the pay down of debt on a property that you already own to be a valid 1031x.

Sincerely,
Steve Hickox
Attorney / President

More Info? Click here: http://www.1031x.com/

2120 S. Birch St.
Denver, CO 80222
888-899-1031
Email us with questions: infox@1031x.com

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