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Asset Protection, Legal and Contract Issues, Income Taxes, 1031 Exchanges
(Moderators:
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Topic: 1031 Exchange to Mexico?? (Read 839 times)
big_sb
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Posts: 44
1031 Exchange to Mexico??
«
on:
March 14, 2007, 10:11:48 PM »
Someone recently told me you can 1031 exchange to Mexico or Canada. Is this true?
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Dave T
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Re: 1031 Exchange to Mexico??
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Reply #1 on:
March 14, 2007, 10:51:44 PM »
If your investment property is located in the US, then you must exchange for another US investment property. A domestic property for a foreign property exchange is not allowed.
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jharris
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Re: 1031 Exchange to Mexico??
«
Reply #2 on:
March 16, 2007, 08:33:47 AM »
Quote from: Dave T on March 14, 2007, 10:51:44 PM
If your investment property is located in the US, then you must exchange for another US investment property. A domestic property for a foreign property exchange is not allowed.
My research confirms this.
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. . if someone's holding your hand, it is hard to enter the numbers into the calculator. Keep both hands free and keep the money you earn. -- Propertymanager
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