Ohio 1031 Exchange Requirements


Ohio 1031 Exchange Requirement

Four requirements for all ohio 1031 exchanges and tenancy in common exchanges:

  • One hundred percent of the value of the relinquished ohio investment real estate must be reinvested in the like kind ohio investment real estate or ohio investment real estate at the time of the exchange.

  • The amount of equity held in the relinquished ohio investment real estate must be less than the amount of equity held in the new, replacement ohio investment real estate or ohio investment real estate.

  • Third Ohio 1031 Exchange Requirement: exchangers must use a Qualified Intermediary. An Intermediary will hold the funds and provide technical experience to maintain the integrity of the exchange.

  • Fourth Ohio 1031 Exchange Requirement: Exchanged ohio investment real estate must be like kind. The IRS definition of Like-Kind is any ohio investment real estate held for productive use in a trade or business or held for investment purposes.

    The successful completion of an ohio 1031 exchange into tenancy in common ownership is best facilitated by an ohio 1031 expert who specializes as a Replacement ohio investment real estate Specialties. Contact us today to complete your ohio 1031 exchange.

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