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Is purchase of a residence on Magellan eligible for a 1031 exchange?

April 26, 2017eligible Magellan purchase Residence

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Is purchase of a residence on Magellan eligible for a 1031 exchange?

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We are willing to fully cooperate with you regarding a 1031 exchange. However, that is a matter between you and your accountant. Our understanding is that the 1031 regulations do not currently address this type of personal property.