Here is the situation:
1) i purchased house 17 years back in Tx for 45K. Paid down the note. Simply offered for 90K. 45k money gains.
2) my spouse owes 45k on household she purchased years back along with her ex. He quitclaimed the homely household to her years back, before we met her. She nevertheless has the note using their names about it. He (rightfully therefore) is demanding as she was supposed to have done years ago that she get his name off the mortgage.
May I purchase the household from my spouse when it comes to 45K, thus satisfying the 1031 change and clearly paying down her house? Continue reading 1031 Exchange – Can I purchase my partner’s leasing product? you are helped by us