1033 Exchange Multiple Properties or Section 1033 Exchange

Robert03 Jul, 2019Real Estate

Section 1033 of the Internal Revenue Code is specifically designed to give relief to property owners who have lost land through an “involuntary conversion.in 1033 exchanges, since the investor is forced to relinquish their property, they get a time limit of 2 years for completing the exchange. In case the lost property was an investment property, then the deadline extends to 3 years.