Okay, you’re asking about a 1031 exchange now, which a 1031 exchange is a like kind exchange. So you are basically, you sell a house for $200,000. You have to buy something like it or greater than it.
Okay, you’re asking about a 1031 exchange now, which a 1031 exchange is a like kind exchange. So you are basically, you sell a house for $200,000. You have to buy something like it or greater than it.