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If a property will be condemned in the future and the landowner will receive a condemnation award, should the landowner do a §1031 Exchange with the proceeds and buy a new property or should the landowner go forward with a §1033 exchange? What is the best choice?

by | Jun 14, 2017 | Uncategorized

The §1031 option may be restrictive. With the §1031 Exchange, the landowner cannot take possession of the money. If the condemnation award check is made out to the landowner, he cannot do a §1031. The money must go directly to a Qualified Intermediary (QI) to qualify...