Client did a 1031X of her rental house exchanged for a condo that has an upstairs living and a separate downstairs living. How do you handle this situation if there are two separate rental units here. TIA
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If the upstairs unit and downstairs unit can be sold separately then you keep track of each unit. More than likely its one item and I would treat them as one asset,This post is for discussion purposes only and should be verified with other sources before actual use.
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