1031 Land-Building of Replacement Property - Spidell

1031 Land-Building of Replacement Property

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Message Board 1031 Land-Building of Replacement Property

  • This topic has 2 replies, 2 voices, and was last updated 3 months ago by Paul Mocker.
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    • #257969
      Paul Mocker
      Participant

      The 1031 was finished in 2019. Amherst did the exchange as the QI.

      The relinquished property (in California) was transferred to 4 Delaware Statutory Trusts (each property in Texas and each one a rental business (shopping mall, apartment homes and a self-storage)).

      How is a value for land and building held in a DST determined?  Should those values be provided by the DST?

      There is no guidance on this point in my Spidell manual

    • #257992
      Peter Muffoletto
      Participant

      The DST should provide you those amounts and allocations.  typically that information is provided at tax time which is my experience, but every DST provider is different – you may want to inquire with them.

    • #257993
      Paul Mocker
      Participant

      Thank you Peter.

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