The simplest approach to are aware of it: You’re swapping a single assets for an additional, and in doing so, the 2nd residence assumes the price basis of the main home. The code is intended to aid the reinvestment from 1 piece of real-estate into An additional, but In step https://allanm221mqu8.ltfblog.com/34637487/indicators-on-1031-loan-you-should-know