1031 exchange holding period
How long must I own the property? I have owned less than a year and the property has almost doubled. Can I move on to another property?
Dear D: There is no required holding period prior to a 1031x. As long as your intention at purchase was to hold for investment and not for immediate resale then the marketplace can dictate your decisions. I hope you will let us help with your exchange. Sincerely,
Dear D: There is no required holding period prior to a 1031x. As long as your intention at purchase was to hold for investment and not for immediate resale then the marketplace can dictate your decisions. I hope you will let us help with your exchange. Sincerely,
Steve Hickox
Attorney / President
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