My understanding is that through 1031 exchange, you can prevent capital gains tax by reinvesting in a similar property within 180 days.
Is it possible to reinvest in multiple properties instead of one; if capital gains is $200K, use it for down payments of $50K on 4 properties each?
Thank you,
Is it possible to reinvest in multiple properties instead of one; if capital gains is $200K, use it for down payments of $50K on 4 properties each?
Thank you,