1031 Exchange FAQ Blog › My parents sold their business in Pennsylvania and bought a property in Florida under the 1031 exchange. They would like to add me to the deed of the house they bought but are not sure if this will effect the 1031. Please advise.

Skip to content

My parents sold their business in Pennsylvania and bought a property in Florida under the 1031 exchange. They would like to add me to the deed of the house they bought but are not sure if this will effect the 1031. Please advise.

This should not be a problem, since the 1031 Exchange has already happened and it is over. Adding your name to the title should not be a problem, though the procedure should be discussed with your Tax Attorney or CPA.

Share and Enjoy:

This was written by james. Posted on Tuesday, July 26, 2011, at 11:34 am. Filed under 1031 Exchange General Questions. Tagged Adding my name to the title. Bookmark the permalink. Follow comments here with the RSS feed. Post a comment or leave a trackback.

Post a Comment