1031 exchange two properties into one

In a 1031 exchange, when combining the sale proceeds from 2  properties to purchase just one property, how many replacement properties  may you identify?

 

Dear M: Thank you for contacting us.  In your example you are really treating this as one exchange (usually only three ID properties).   You could treat it as two exchanges, but because you only want to buy a single property the property that you purchase would have to identified in both exchanges anyway.  Sincerely

Steve Hickox
Attorney / President