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

      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

      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

      Thank you Peter.

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