Here are expenses that are often encountered at closing, and included on the "HUD-1" Settlement Statement, which generally are considered by experts to be included as part of the 1031 Exchange calculation:
Escrow for Repairs
EXCLUSIONS: Expenses relating to debt relief, taxes, insurance, prepaids, interested, association fees, etc., while a part of the settlement transaction, are generally NOT included in the 1031 Exchange calculation.
As with all information of this type, you need to consult competent 1031 Exchange tax professionals for specific guidance relating to your particular needs.
See also our article: 1031 Investments
Yerkes Upstate Real Estate Services
RESIDENTIAL, INVESTMENT, COMMERCIAL
LAND, FARM, PROPERTY MANAGEMENT
Global Relocation and Referral Services
Personal * Service * Support * Professionalism * Integrity
Providing friendly dedicated service - customized to your needs.
Using state-of-the-art methods to find the right property for you
and/or sell your property at the best possible price.